A truck was purchased in early 1995 for $23,451. Its value in current dollars depreciates steadily at a rate of 11.9% per year.

(a) What will the truck's value in early 2006?
Answer: $

(b) Suppose further that there is 7.1% annual inflation from 1995 to 2006. What will be the value of the truck in early 2006 in inflation-adjusted (early 1995) dollars?
Answer: $