Janko Wellspring Incorporated has a pump with a book value of $24,000 and a four-year remaining life. A new, more efficient pump is available at a cost of $45,000. Janko can receive $8,000 for trading in the old pump. The old machine has variable manufacturing costs of $25,000 per year. The new pump will reduce variable costs by $10,000 per year over its four-year life, Should the pump be replaced? Multiple Choice Yes, because income will increase by $3,000 per year. No, Janko will record a loss of $16,000 if they replace the pump. No, because income wit decrease by $10.000 per yeat