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As a result of a slowdown in operations, Mercantile Stores is offering to employees who...

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Accounting

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As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $250,000 cash, another $250,000 to be paid in one year, and an annuity of $45,000 to be paid each year for 20 years. Use Excel to compute the present value of the complete package, assuming an interest rate of 9 percent. (Round your final answers to the nearest whole dollar amount.) Excel values based on 1 = n Cash Payment Present value of $250,000 face value Present value of $45,000 annuity Total % %

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