Local Weatherford businesses have noticed that pizza consumption seems to rise as SWOSU approaches the end of an academic semester. Little Ceasars is considering replacing their current pizza oven $($a highly specialized product that handles food$)$ with a higher capacity unit to tap into this increased demand.

The oven they are currently using was purchased $4$ years ago for $$14,866,00,$ and could be sold today for $$3,071\mathrm{.}00.$ The the owners believe they could sell if for $$968\mathrm{.}00$ three years from now if they keep using it$.$

The faster new oven would cost $$18,790\mathrm{.}00$ to purchase, and could likely be sold for $$10,733\mathrm{.}00$ three years from now. Even though the oven will permit higher throughput, they do not anticipate any meaningful change in average inventory levels. They do$,$ however, expect annual profits to increase by $$56,000\mathrm{.}00$ if the new machine is purchased. Assume that this firm pays taxes at he current corporate tax rate of $21\mathrm{.}0\%$

If they decide to purchase the new machine they will sell their current oven today. In that event, what will the net proceeds be on the sale of the old oven?