Undergraduate students paid an average of $5760 in tuition fees in 2018. The tuition fees increased to an average of $5960 in 2019. Does the tuition increase match the inflation? If not, how much should the tuition fees have been in 2019, to align with inflation?

Round monetary values to two decimal places and all other values to one decimal place, unless otherwise indicated. Use the CPI from year 2002 to 2018 provided in Table 4.4

(b) for Problems 5 to 22.AppendixLO1