eBook Chapter 10 Financial Planning Exercise 3 Payout on homeowner's insurance policy Eva Stone's home in Chicago was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damaged personal property had a replacement price of $45,000. The average age of the damaged personal property was 4 years, and its useful life was estimated to be 10 years. What is the maximum amount the Insurance company would pay Eva, assuming that it reimburses losses on an actual cash-value basis? Round the answer to the nearest cent. $