Janko Wollspring inc. has a pump with a book value of $38,000 and a 4-year remaining life. A new, more efficient pump, is available at a cost of $59,000. Janko can also receive $9.400 for trading in the old pump. The new pump will reduce variable costs by $13,400 per year over its four year life. Should the pump be replaced? Yes, because income will increase by $4,000 in total Yes, because income will increase by $4,000 per year, No, because the company will be $4,000 worse off in total, No, because income will decrease by $13,400 per year No, Janko will record a loss of $18,800 if they replace the pump