(20 points) You need to purchase a new pump to complete a project for a client. One is powered by gasoline and one by electricity. Given the following table of attributes and a 10% interest rate, determine which is the better option based on a present worth analysis. Gasoline Electric Pump Pump Initial Cost $7,500 $10,000 Annual Operating Cost 1,500 585 Annual Maintenance Cost 750 550 Salvage Value 450 600 Useful Life (y) 3 6