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As a result of a slowdown in operations, Tradewind Stores is offering employees who have...

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Accounting

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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $98,000 cash paid today; $98,000 to be paid in one year; and an annuity of $22,000 to be paid each year for 4 years. Required: What is the present value of the package assuming an interest rate of 8 percent? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar. CABLE 11.1A Future Value of $1 TABLE 11.3A Future Value of an Annuity of $1 TABLE 11.2A Present Value of $1 TABLE 11.4A Present Value of Annuity of $1

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