Shuai is 51 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: 1. $187,000 cash payment to be paid immediately. 2. A 16-year annuity of $21,000 beginning immediately. 3. A 10 -year annuity of $57,000 beginning on July 1 of the year Shual reaches age 61 (after 10 years). Required: Determine the present value of each alternative, assuming that Shual is able to invest funds at a 6% rate. Which alternative should he choose? Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financiat calculator. (EV of S1. PV of S1. EVA of \$1. PVA of S1. FVAD of $1 and PVAD of $1)