Shual is 54 years old and has been asked to accept early retirement from his company. The company offered Shual three alternative compensation packages to induce Shuai to retire: 1. $185,000 cash payment to be paid immediately. 2. A 19 -year annuity of $17,000 beginning immediately. 3. A 10-yeat 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. (EV of S1. PV. of S1., EVA OC51. PVA ol S1, EVAD of S1 and PVAD of \$1)