The Consumer Price Index (CPI) is a measure of the average change in prices over time from a designated reference period, which equals 100. The index is based on prices of basic consumer goods and services. Table 2 lists the CPI for several years from 1960 to 2016. What net annual salary in 2016 would have the same purchasing power as a net annual salary of $13,000 in 1960? Compute the answer to the nearest dollar. 

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Table 2 CPI (1982-1984 = 100) Year 1960 1973 1986 1999 2016 Index 29.6 44.4 109.6 156.9 241.7