Question 5 5 pts A contractor is evaluating purchase of a new pump to be use to to pump water from excavations after rain events. Two pumps are being considered. each with the following cost and salvage value. Use an annual interest rate of 5.00% Pump A, with a useful life of 6 years: Initial cost = $3500 & Salvage value at end of life of $500 Pump B, with a useful life of 3 years: Initial cost = $2500 & Salvage value at end of life of $333 Calculate EUAC for each pump. Which Pump would you select? Pump A Pump B 5 pts Question 6 Compute the EUAC for Pump A. Ideally this value was determined to make the decision of which pump to select. Pump A, with a useful life of 6 years: Initial cost = $3500 & Salvage value at end of life of $500 Enter the EUAC for Pump A