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.
Using a spreadsheet or a financial calculator, calculate the present value of the cash receipts.
What is the present value of these cash receipts?

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