John Roberts is 53 years old and has been asked to accept early retirement from his company. On July 1 , the company offered John three alternative compensation packages to induce John to retire: (FV of \$1. PV of \$1. EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) 1. $170,000 cash payment to be paid immediately. 2. A 17 -year annuity of $18,000 beginning immediately. 3. A 10-year annuity of $54,000 beginning on July 1 of the year John reaches age 63 (after 10 years). Required: Determine the present value, assuming that he is able to invest funds at a 8% rate, which alternative should John choose? (Round your final answers to nearest whole dollar amount.)