upi 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 $11623 and it is expected to have a future salvage value of $7031 whenever it is retired. This used machine still has 3 years of service left. From now on, the operating and Maintenance costs are expected to be $2434 for the first year and are expected to increase by $1601 each year thereafter.

New Machine: machine costs $14955 and is expected to have a future salvage value of $9716 whenever it is retired. Operating and Maintenance costs are expected to be $1819 for the first year and are expected to increase by $1149 each year thereafter. The service life of this machine is 3 years.

If the MARR is 12%, determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine that offers the lowest EUAC.