In 1895, the first a sporting event was held. The winner's prize money was $190. In 2007, the winner's check was $1,162,000. (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) 8.20 8.15 8.10 8.00 -23.22

(b)	If the winner's prize increases at the same rate, what will it be in 2040?
	(Click to select) 190.00 14,709,326.81 15,635,420.86 15,398,732.66 15,165,520.45