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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $ 1 0 5

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $105,000 cash paid today; $105,000 to be paid in one year, and an annuity of $38,000 to be paid each year for 6 years.
Required:
What is the present value of the package assuming an interest rate of 12 percent? (Future Value of $1: Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.)
Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar.
Present Value
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