MN Inc. is considering replacing a machine. These are the data for both the used and new machine.

Used machine: the machine was purchased for $17,130 one year ago, the current salvage value is $10,860 and is expected to have a scrap value of $7,324 whenever it is retired. This used machine still has 3 years left of service. From now on, the operating and Maintenance costs are $2,237 for the first year and expected to increase by $1,165 thereafter.

New Machine: machine costs $14,314 and is expected to have a scrap value of $7,318 whenever it is retired. Operating and Maintenance costs are $1,944 for the first year and expected to increase by $1,842 thereafter. The service life of this machine is 3 years.

If the MARR is 8%, determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine that offers the lowest EUAC. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas.