Fun Land would like to build a new splash fountain for the city park. The first cost of the fountain will be $864,107. Annual maintenance and repairs are estimated to be $22,525, increasing by 2% per year. The fountain will have a major overhaul at the end of year 10 at a cost of $52,213. The splash fountain has an expected lifespan of 28 years. Using a nominal annual interest rate of 2%, calculate the equivalent uniform annual cost (EUAC) of the splash fountain.