Suppose that the aggregate production function of a country is y =. Where y and k represent output per capita and capital per capita, respectively. If the depreciation rate is 4%, the savings rate is 28%, the population growth rate is 1%, and the technological progress rate is 2%, the following equation can be obtained:

(1) What is the steady state output of the country?

(2) If the savings rate drops to 10 percent and population growth rises to 4 percent, other things being equal, what is the country's new steady state output?