Black Company Will Receive $30,000 at the End of Each

Black Company will receive $30,000 at the end of each year for the next 8 years. Black has an annual cost of capital equal to 10 percent per year. The present value of $1 and the present value of an annuity of $1 for eight periods at ten percent are 0.46651 and 5.33493, respectively.
What is the present value of these cash receipts?

A) $160,048
B) $240,000
C) $ 13,995
D) $ 30,000