Answer these questions referring to the letter sequence given below:
N O P Q Y B Z A R S H I J K L M T U V G F E W X D C
If it is possible to make a meaningful word from the eighth, sixteenth, seventeenth and twenty-second letters from your left in the given series, which will be the first letter of that word? If no such word can be formed, your answer would be X, and if more than one such word can be formed, answer is P.