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Global Stores is downsizing and must let some employees go . Employees volunteering to leave are being offered a severance package of $ 1 2

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Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance package of $125,500 cash, another $136,500 to be paid in one year, and an annuity of $35,000 to be paid each year for six 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.
Present value
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