There is a growing perpetuity with 3% growth rate. The first payment is $2500 that begin at year t=25. given an interest rate of 8 percent per year, what is the value at year t=8 of this growing perpetuity? (show work)

a) $16,412.02

b) $14,594.45

c) $17,208.00

d) $36,235.06

e) $36,711.41