Subtract 74 from both sides:
\[ 16x = 106 \]
Divide by 16:
\[ x = \frac{106}{16} \]
\[ x = 6.625 \]
Final Answer
The value of \( x \) is approximately \( 6.625 \). However, since the given options are 5, 7, 26, and 51, none of these options are correct based on the calculation.