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 8 years is assumed to be 1.5%, what will the inflation-adjusted cost of a $383 bicycle be in 8 years? Round to two decimal places.