Roberta Will Receive $30,000 at the End of Each Year

Roberta will receive $30,000 at the end of each year for the next 8 years. Roberta has a 6 percent time value of money. The present value of $1, and the present value of an annuity of $1 for eight periods at six percent are 0.62741 and 6.20979, respectively.
The present value of the cash receipts is:

A) $ 47,816
B) $ 18,822
C) $240,000
D) $186,294