John Roberts is 54 years old and has been asked to accept early retirement from his company. The company has offered John three alternative compensation packages to induce John to retire:

1.	$170,000 cash payment to be paid immediately.
2.	A 10-year annuity of $25,000 beginning immediately.
3.	A 10-year annuity of $65,000 beginning at age 64.

Required:

a.

Assuming that John is able to invest funds at a 9% rate, determine the present value.(UsePV of $1,PVA of $1, andPVAD of $1)(Round "PV Factors" to 5 decimal places, intermediate and final answers to the nearest dollar amount.)

Alternative	PV
1	$
2	$
3	$