June, a senior executive at Corporation, is contemplating retirement. She is currently 55 years old and earns an annual salary of $200,000, expected to increase by 3% every year for the next 10 years due to annual appraisals.

June's employer offers a retirement plan, where they will provide her with a lump sum amount of $1,000,000 upon retirement at the age of 65. Additionally, if June stays with the company until retirement, she would receive a pension of $80,000 per year, starting at age 65, for 20 years. The pension amount increases by 1% per annum.

On the other hand, June has an opportunity to join a start-up venture today, where she can earn an annual salary of $220,000 with a higher annual raise of 5%. However, this opportunity does not come with a retirement plan or a pension. June's opportunity cost of capital is 6%. She is indifferent between money now and future money if it grows at this rate.

Questions 2. What about the economic value of June's compensation package if she joins the start-up now.