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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 $90,000 cash paid today: $90,000 to be paid in one year; and an annuity of $28,000 to be paid each year for 5 years. Required: What is the present value of the package assuming an interest rate of 11 percent? (Euture 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

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