You have decided to retire. Your deferred compensation package at work stipulates the following payments: $8,000 (year 1), $16,000 (year 2), $24,000 (year 3), $32,000 (year 4), $40,000 (year 5), $48,000 (year 6), $56,000 (year 7), $64,000 (year 8), and $72,000 (year 9). How much is this package worth in todays dollars if you can make 9 percent per year on your money? Show your calculations.