In 1895, the first a sporting event was held. The winner's prize money was $180. In 2007, the winner's check was $1,176,000. (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) : (b)if the winner's prize increases at the same rate, what will it be in 2040? (Click to select)