Carrot Company is considering whether to replace a piece of equipment with a newer model. The following data have been collected: Old Equipment New Equipment Purchase price $4,600 $6,600 Accumulated depreciation $1,900 - 0 - Annual operating costs $7,400 $4,000 Remaining useful life 5 years 5 years If the old equipment is replaced now, it can be sold for $1,400. Both the old equipment and new equipment have a useful life of 5 years. What is the net advantage (disadvantage) of replacing the old equipment with the new equipment? ($10,400) $11,800 $10,400 ($11,800)