Global Stores is downsizing and must let some employees go$.$ Employees volunteering to leave are being offered a severance package of $$126500$ cash, another $$137500$ to be paid in one year, and an annuity of $$36000$ to be paid each year for $8$ years with the first payment coming at the end of this year. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)($Use the appropriate factor$($s$)$ from the tables provided. Round your answer to the nearest whole dollar.$)$ What is the present value of the total severance package, assuming an annual interest rate of $5\%?$