Exercise $10-3$A $($Algo$)$ Determining the present value of a lump$-$sum future cash receipt LO $10-1$

Gail Trevino expects to receive a $$610,000$ cash benefit when she retires five years from today. Ms$.$ Trevino's employer has offered an early retirement incentive by agreeing to pay her $$400,000$ today if she agrees to retire immediately. Ms$.$ Trevino desires to earn a rate of return of $10$ percent. $($PV of $$1$& and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required

a$.$ Calculate the present value of the $$610,000$ future cash benefit. Assuming that the retirement benefit is the only considen in making the retirement decision, should Ms$.$ Trevino accept her employer's offer?

Note: Round your final answer to the nearest whole dollar value.

$\backslash$table$[[$Present value,$],[$Should Ms$.$ Trevino accept the offer?,$]]$