Wildhorse co$.$ issued for cash a $$116000,3-$year note bearing interest at $10\%$ to crane, inc. The market rate of interest for a note of similar risk is $12\%.$ One step in calculating the cash received from the issuance of the note is to

a$)$ multiply $$13920$ by the table value for $3$ periods and $12\%$ from the present value of $1$ table.

b$)$ multiply $$11600$ by the table value for $3$ periods and $12\%$ from the present value of an ordinary annuity table

c$)$ multiply $$11600$ by the table value for $3$ periods and $10\%$ from the present value of an ordinary annuity table.

d$)$ multiply $$13920$ by the table value for $3$ periods and $10\%$ from the present value of $1$ table.