A year ago, when Delmar Harris started his job as an accounting clerk at Wright Way Enterprises, his salary was $38,500. This week he received a cost-of-living adjustment of 2.4% and a merit increase of 15.0%. How will Delmar's annual salary be next year? Round to the nearest dollar.

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1. A year ago, when Delmar Harris started his job as an accounting clerk at Wright Way Enterprises, his salary was $38,500. This week he received a cost-of-living adjustment of 2.4% and a merit increase of 15.0%. How will Delmar's annual salary be next year? Round to the nearest dollar.