Shual is 53 years old and has been asked to accept early retirement from his company. The company offered Shual three alternative compensation packages to induce Shual to retire: 1. $225,000 cash payment to be paid immediately. 2. A 21 -year annuity of $21,000 beginning immedlately. 3. A 10 -year annuity of $70,000 beginning on July 1 of the year Shual reaches age 63 (after 10 years). Required: Determine the present value of each alternative, assuming that Shuai is able to invest funds at a 8% rate. Which alternative should he choose? Note: Round your finol answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (EV of \$1, PV of \$1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1 )