Someone is purchasing a pump for an industrial plant. The planning horizon is 60 years. There are two pumps for consideration, A and B. Their characteristics are listed below. If the MARR is at a rate of 10%, what is the present value of the better choice over 60 years of operation?

Pumps -->	Pump A	Pump B
Purchasing Cost	$10,000	$16,000
Service Life in Years	10	5
Operating Costs per Year	$1,000 age in years	$800 age in years
Salvage Value	0	0

It is noted that either pump A is used for the entirety of 60 years or pump B is used for the entirety of 60 years.

It is required to use Microsoft Excel.