AmazWeb is bidding to provide cloud services for EverythingParty Inc. Everything Party Inc. pays its current provider $10,400 per year for the service. AmazWeb figures that it will need to purchase equipment worth $15,200 up front and then spend $2,000 per year on monitoring and updates to provide the service for 3 years. Potential bidders compete on their per year service charge and submit their bids to Everything Party. If AmazWeb's cost of capital is 10.5%, what is AmazWeb's lowest bid that makes financial sense? AmazWeb can bid as low as $| per year for providing the service. (Round to the nearest dollar.)