Arizona Truck Company (ATC) is considering the replacement of an old truck. The old truck can be sold for $19,500 now. If it is sold in one year, the resale price will be $13,750, but ATC will spend $6250 just before selling the truck to make it attractive to a buyer. Assume a cost of capital of 12%. What is the total cost of keeping the old truck for one more year? Express the cash flow in terms of its future value one year from now.

a.	$12,803
b.	$14,340
c.	$12,000
d.	$16,128