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 5 years is assumed to be 3.5%, what will the inflation-adjusted cost of a $432 airline ticket be in 5 years? Round to two decimal places.