In 1996, The US consumer price index (CPI) was 156.9. Today, the 2021 CPI is 263.2. In 1996, the MSRP for a 4wd super cab Ford F150 wa $19,840. The MSRP for 2021 model is $46,290

1- Calculate the average US inflation rate for this time period. Round your answer to 4 decimal places.

2- Calculate the average inflation rate for the price of this pickup truck during the same time span.

3-Use the CPI inflation rate to determine what the price of this truck would be, based on the 1996 price, if it had inflated at the CPI rate