Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6% per period Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1.0600 .9434 2.0600 0.9434 2 1.1236 .8900 3.1836 1.8334 3 1.1910 .8396 4.3746 2.6730 4 1.2625 .7921 5 1.3382 .7473 5.6371 6.9753 3.4651 4.2124 0 out of 1 points As a result of a slowdown in operations, Cooper Stores is offering employees who have been terminated a severance package of $1040 cash paid today: $1250 to be paid in one year and an annuity of $720 to be paid each year for 4 years. What is the present value of the package assuming an interest rate of 6 percent? Selected Answer: [None Given] Correct Answer: 4,7142