A grinding machine has a first cost of \(\$ 24,000\) with an expected useful life of 13 years. Salvage value at the end of its useful life is estimated to be \(\$ 8,000\). Annual maintenance expenses are \(\$ 350\). With \(\mathrm{i}=8 \%\), what is the equivalent uniform annual cost (EUAC) of the grinding machine?

a. \(\$ 2,370\)

b. \(\$ 2,665\)

c. \(\$ 2,980\)

d. \(\$ 3,010\)