Sonata Corporation Will Receive $30,000 Today (January 1, 2014), and Also

Multiple Choice

Sonata Corporation will receive $30,000 today (January 1, 2014) , and also on each January 1st for the next five years (2015 - 2019) . What is the present value of the six $30,000 receipts, assuming a 12% interest rate?

A) $123,342.
B) $138,143.
C) $243,456.
D) $272,670.