The price of crude oil, per barrel, in the year 2006 was estimated at $66.02. There was a 9.5% increase in the year 2007 and a 38.83% increase in the year 2008. Determine the approximate value for a barrel of crude oil in the year 2008. Round your answer to the nearest cent.
a.
$128.74
c.
$179.27
b.
$91.66
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