Connie has saved up $15 to purchase a new CD from the local store. The sales tax in her county is 5% of the sticker price. Write an equation and solve it to determine the value of the highest priced CD Connie can purchase with her $15, including the sales tax. Round your answer to the nearest penny.

x + 0.05x = 15; x = $14.29

x - 0.05x = 15; x = $15.79

0.5x = 15; x = $30

5x = 15; x = $3.00