MANAGERIAL FINANCE PROBLEM HELP PLEASE

4 0.66 points In 1899, the first Green Jacket Golf Championship was held. The winner's prize money was $245. In 2018, the winner's check was $2,730,000. a. What was the annual percentage increase in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2056? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) Skipped eBook References % a. Annual percentage increase b. 2056 prize money