In 1895, the first a sporting event was held. The winner's prize money was $100. In 2007, the winner's check was $1,173,000. (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) -24.72 8.73 8.83 8.63 8.78

(b)	If the winner's prize increases at the same rate, what will it be in 2040?
	(Click to select) 19,118,906.93 18,831,150.14 17,992,852.81 18,547,595.03 100.00