As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $42,000. Assuming an average inflation rate of 3 percent and an equal cost-of-living raise, what will his salary possibly become in 11 years? (Hint: Use Appendix A-1.) Round your answer to the nearest dollar. Round Future Value of a Single Amount in intermediate calculations to four decimal places.