An engineer in 1950 was earning $5,000 a year. In 2020, she earned $100,000 a year. However, on average, prices in 2020 were higher than in 1950. What was her real income in 2020 in terms of constant 1950 dollars? Use the data in Table 5.8. Note: Round your answer to 2 decimal places. Real income in 2020 TABLE 5.8 The consumer price index (CPI) shows how inflation has in Percent Change CPI since 1950 1950 25.0 1960 29.8 + 19.2% 1970 39.8 + 59.2 1980 86.3 +245.2 1990 133.8 +435.2 2000 174.0 +596.0 2010 219.2 +776.8 2020 262.0 +948.1