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In 1995, the average salary of the top five professional baseball players was $4.74 million. In 1996, the average salary of the top five professional baseball players was $5.14 million. What was the percent increase in the average salaries between the two years? Round to the nearest tenth of a percent.

a. 7.6%
b. 8%
c. 8.4%
d. 9%

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