You Have Decided to Buy a Yacht, Specifically, a Nautor's

Multiple Choice

You have decided to buy a yacht, specifically, a Nautor's Swan 68 sailing yacht. This lovely boat cost $384,300 in 1976, when the CPI was 57. The CPI at the beginning of 2000 was about 168, and the yacht then cost $2,300,000. What is the 1976 yacht price expressed in 2000 dollars?

A) $130,388
B) $780,357
C) $1,132,674
D) $6,778,947