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please explain details, thank you Question 8.18 A perpetuity-due pays 1 per year, and its present value is 26. An increasing perpetuity-due pays X immediately,

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please explain details, thank you
Question 8.18 A perpetuity-due pays 1 per year, and its present value is 26. An increasing perpetuity-due pays X immediately, 2x in one year, 3x in two years, and so on. The present value of the increasing perpetuity-due is 4,732. What is the amount of the 8th payment made by the increasing perpetuity-due? A 56 B 58 C 61 D 63 E 64

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