Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance package of $125,000 cash, another $136,000 to be paid in one year, and an annuity of $34,500 to be paid each year for four years with the first payment coming at the end of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. What is the present value of the total severance package, assuming an annual interest rate of 7 percent? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.