Accounting Question? (3) Multiple Choice?

A company borrowed $300,000 cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity at 8% for 5 years is 3.9927. Each annuity payment equals $75,137. The present value of the note is:

a) $75,137
b) $94,013
c) $300,000
d) $375,685
e) $1,197,810

show work please…. thank you.