John Roberts is 55 years old and has been asked to accept early retirement from his company. On July, the company offered John three alternative compensation packages to induce John to retire (FV of St. PV of SL FVA of SL PVA of SL FVAD of 51 and PVAD of $1 (Use appropriate factors) from the tables provided) 1. $220,000 cash payment to be paid immediately, 2. A 19-year annuity of $21.000 beginning immediately 3. A 10-year annuity of $67,000 beginning on July 1 of the year John reaches age 65 (after 10 years). 8 1. Required: Determine the present value, assuming that he is able to invest funds at a 7% rate, which alternative should John choose Round your final answers to nearest whole dollar amount.) shou choose