On January 4, 1983 the price of a sprocket was $66.96. On January 4, 2008 the price of a sprocket was $82.09. Find the average rate of change in the price of a sprocket from 1983 to 2008. Round to the nearest cent.

The average rate of change is $LaTeX: \displaystyle \frac{82.09-66.96}{2008-1983}= 0.61$ dollars per year.