Bill Hopen has a Bank Card revolving credit account with a 18% annual percentage rate. The billing date is the first day of each month and the billing cycle is the number of days in that month. Bill's balance at the end of July was $728.15. The activity for the month was as follows: August 10, purchase of $136.19; August 15, payment of $292; August 23, purchase of $386.78. What was the average daily balance for August? (Round to the nearest cent)
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