For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year. In filing his income tax, Raul reported annual contributions of $550 to a public radio station, $195 to a public TV station, $200 to a local food bank, and $300 to other charitable organizations. The average monthly expense is $ (Round to the nearest cent as needed.)