In 1895, the first a sporting event was held. The winner's prize money was $140. In 2007, the winner's check was $1,170,000. (Do not round your intermediate calculations.)

Required:
(a)	What was the percentage increase per year in the winner's check over this period?
	(Click to select) 8.40 8.45 8.30 8.50 -23.94

(b)	If the winner's prize increases at the same rate, what will it be in 2040?
	(Click to select) 17,258,679.54 140.00 16,998,139.86 16,239,199.20 16,741,415.90