A Letter Listing the Names and Addresses of 8 People

Multiple Choice

A letter listing the names and addresses of 8 people was sent to 3 other people, who were asked to send $5 to the name at the top of the list and then remove that person's name. Each recipient then added his or her name to the bottom of the list and sent the letter to five friends. Assuming no one broke the chain, how much money would each recipient of the letter receive?

A) $1,171,875
B) $98,304
C) $32,805
D) $1,944
E) $2,560