An annuity yields a payment of R$57,000$ at the end of the first year, where after the

annual payments grows by $8\%$ per year in perpetuity. Calculate the present value of

the annuity assuming a market related yield of $12\%$ per year $($the discount rate$).$

A$.$ R$1,524,000$

B$.$ R$1,245,000$

C$.81,425,000$

D$.$ R$1,225,000$