XYZ Corporation is contemplating the replacement of an existing asset used in the operation of its business. The original cost of this asset was $29,000; since date of acquisition, the company has taken a total of $21,000 of depreciation expense on this asset. The current disposal (market) value of this asset is estimated as $12,000. XYZ is subject to a combined income tax rate, t, of 25%. What is the projected after-tax cash flow associated with the sale of the existing asset, rounded to nearest hundred dollars? Group of answer choices $6,400. $4,400. $14,400. $7,800. $11,000.