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Billie owns a high-end home theater speaker system, which she bought 2 years ago for $2236. Unfortunately, the speaker system was stolen last week,

Billie owns a high-end home theater speaker system, which she bought 2 years ago for $2236. Unfortunately, the speaker system was stolen last week, but Billie has a renter's insurance. What is the actual cash value of the speaker system? Assume life expectancy of the speaker system to be 8 years for insurance purposes. Round your answer to two decimal places.

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