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The average starting salary for engineers was $4,500 a year in 1956 . John, a mechanical engineer, got an offor for $72,700 a year in

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The average starting salary for engineers was $4,500 a year in 1956 . John, a mechanical engineer, got an offor for $72,700 a year in 2017. Knowing that the CPts for 1955 and 2017 aro 26.87 and 243.73, respectively, what is John's real satary in terms of constant 1955 dollars? The genoral inflation rate is W. (Round to two decimal placec)

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