John Roberts is 55 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, FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) 1. $170,000 cash payment to be paid immediately. 2. A 15 -year annuity of $20,000 beginning immediately. 3. A 10 -year annuity of $60,000 beginning on July 1 of the year John reaches age 65 (after 10 years). Required: Determine the present value, assuming that he is able to invest funds at a 9% rate, which alternative should John choose? (Round your final answers to nearest whole dollar amount.)