Janko Weltspring Inc. 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 also receive $8,000 for trading in the old pump. The new pump will reduce variable costs by $10,000 per year over its four-year life. Should the pump be replaced? Multiple Choice No, because the company will be $3,000 worse off in total No, because income will decrease by $10,000 per year. O No, Janko wit record a loss of $16,000 if they replace the pump Yes, because income will increase by $3,000 in total Yes, because income will increase by $3,000 per year