Suppose that a closed economy only produces two items: smoothies and salads. The fixed basket of goods includes 40 smoothies and 47 salads. In 2000, a smoothie cost $4 while a salad cost $4.9. In 2020, a smoothie cost $7. The base year is 2000. If the consumer price index in 2020 was 175, what was the 2020 price of a salad? Round your answer to the nearest two decimal place.