Ford Company has purchased a new car part for $8,000 to use in their new project. the new part is being depreciated with a straight line depreciation schedule of four years. The market value of the Part drops 20% every year. The rocket has an annual operational and maintenance cost which is $3,000 in year 1 and which increases by 10% every year. If the annual income tax of Ford is 40% and the annual after-tax MARR of Ford Team is 12%, what is the EUAC(Equivalent Uniform Annual Cost) of the rocket in its economic life?