Clarissa Wants to Fund a Growing Perpetuity That Will Pay

Clarissa wants to fund a growing perpetuity that will pay $5000 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 5% per year. Given that the interest rate is 8%, how much does she need to fund this perpetuity?

A) $166,666.67
B) $143,445.65
C) $102,112.33
D) $62,500.00