I'd even skip the dac (I mean I might not.... but a decent amplifier, and I just mean decent, like something that still works from the 70's or 80's) and a decent pair of tower speakers (needn't be expensive), and, well, just don't use the shittiest cables you can find (I mean as long as they are thicker than a few human hairs you're okay)- it'll sound far, far better.

Or get some half decent headphones.