Carrot Company is considering whether to replace a piece of equipment with a newer model. The following data have been collected: Purchase price Accumulated depreciation Annual operating costs Remaining useful life Old Equipment New Equipment $6,600 $8,600 $3,900 $6,400 $6,000 5 years 5 years of the old equipment is replaced now. It can be sold for $3,400. 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? (56,600) ($3,200) $3,200 $6,600