The function C(t)=C0(1+r)ᵗ models the rise in the cost of a product that has a cost of c0 today, subject to an average yearly inflation rate of r for t years. if the average annual rate of inflation over the next 8 years is assumed to be 2.5%, what will the inflation-adjusted cost of a $21,800 car be in 8 years? round to two decimal places.