Cycris has a business to sell her designed poster art. She expects cash flow to be $70,000 in the first year, $65,000 in the second year, $90,000 in the third year. If the interest rate is 20% calculate the present value of the cash flows. Assuming annual compounding.

a. $153,548.08

b. $155.555.56

c. $169,195.36

d. $166,577.98