Show me the steps to solve The following series of cash flows occurs at the end of each year is discounted at $8\%.$ Which of the following is the present value of the cash flows? $($Round answer to nearest dollar.$)$

Year Cash flow

$1$ $$22,100$

$213,400$

$355,050$

Period $123$

$8\%0\mathrm{.}925930\mathrm{.}857340\mathrm{.}79383$

a$.$ $$75,651$

b$.$ $$54,388$

c$.$ $$63,934$

d$.$ $$83,216$