An insurance company charges $1,142 per year to insure your car. They calculate that there is a 8% chance that you have an accident each year, and that if you do have an accident, it will cost them...

An insurance company charges $1,142 per year to insure your car. They calculate that there is a 8% chance that you have an accident each year, and that if you do have an accident, it will cost them $3,709.  What is the expected value for the insurance company of your policy?  Give your answer to two decimal places.