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

$$185,000$ cash payment to be paid immediately.

A $19-$year annuity of $$17,000$ beginning immediately.

A $10-$year annuity of $$55,000$ beginning on July $1$ of the year Shuai reaches age $64($after $10$ years$).$

Required:

Determine the present value of each alternative, assuming that Shuai is able to invest funds at a $7\%$ rate. Which alternative should he choose?

Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$FVA of $$1,$ PVA of $$1,$FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[$Alternative$,$PV$],[1,],[2,],[3,],[$Shuai should choose,$]]$