Scott deposits: (a) $1 at the beginning of each quarter in year 1. (b) $2 at the beginning of each quarter in year 2. (c) $8 at the beginning of each quarter in year 8. One quarter after the last deposit, Scott withdraws the accumulated value of the fund and uses it to buy a perpetuity-immediate with level of payments of X at the end of each year. All calculation assume a nominal interest rate of 10% per annum compounded quarterly. Calculate X.