Prize money of Rs. 60000 is distributed among eight teams with awards increasing by a fixed amount per position. If the last team gets Rs. 4000 how much does the first team get?

Prize money of Rs. 60000 is distributed among eight teams with awards increasing by a fixed amount per position. If the last team gets Rs. 4000 how much does the first team get?
A: Rs. 8000
B: Rs. 11000
C: Rs. 16000
D: Rs. 20000