As the winner of a raffle, you have won a guaranteed $100$ every year for ever, starting

today. If you use a discount rate of $8\%,$ what is the present value of this prize?

A$.800\mathrm{.}00$

B$.1150\mathrm{.}00$

C$.1157\mathrm{.}41$

D$.1250\mathrm{.}00$

E$.1350\mathrm{.}00$