The city council has approved the building of a new bridge over Running Water Creek. The bridge will cost \(\$ 17,000\) for initial construction and have an annual maintenance cost of \(\$ 1,000\). The council plans to withdraw money from the city's Bridges and Highways account to open a special account to cover the initial construction and to fund a perpetuity to cover the maintenance costs forever. How much money must be withdrawn from the Bridges and Highways account if the city can expect to earn 5 percent on the special account?

a. \(\$ 1,000\)

b. \(\$ 17,000\)

c. \(\$ 18,000\)

d. \(\$ 37,000\)