Bart's Construction, Inc. received a promissory note of $12,500 at 7% simple interest for 14 months from one of its customers. After 4 months, Fairlenders, Inc. discounted the note at a discount rate of 9%. Calculate the proceeds that Bart's will receive from the discounted note. (Round to the nearest cent)

$12,506.77

$12,462.50

$13,520.83

$12,303.96