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An engineer in 1950 was earning $5,400 a year. In 2015 she earned $96,000 a year. However, on average, prices in 2015 were higher than

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An engineer in 1950 was earning $5,400 a year. In 2015 she earned $96,000 a year. However, on average, prices in 2015 were higher than in 1950. What was her real income in 2015 in terms of constant 1950 dollars? Use the data inTable 5.8.(Round your answer to 2 decimal places.)

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