A one$-$time gift to your college will provide $$25\mathrm{.}000$ in scholarship funds next year with that amountincreasing by $2$ percent annually thereafter. If the discount rate is $5\mathrm{.}5$ percent, what is the current value of thisperpetual gift?A$)$ $$777,777\mathrm{.}78$B$)$$$748,602\mathrm{.}49$C$)$ $$726,849\mathrm{.}29$D$)$ $$714,285\mathrm{.}71$E$)$$$725\mathrm{.}000\mathrm{.}00$

Answer:$($show your work$)$