An engineer in 1950 was earning $5,300 a year. In 2017 she earned $97,000 a year. However, on average, prices in 2017 were higher than in 1950. What was her real income in 2017 in terms of constant 1950 dollars? Use the data inTable below(Round your answer to 2 decimal places.)

CPI Percent Change 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

2017 248.0 +892.0