Two pumps are being considered for purchase. Pump A has an initial cost of $7,000; a useful life of 12 years and a salvage value of $1,200 at the end of its life. Pump B has an initial cost of $5,000; a useful life of 6 years and a salvage value of $1,000 at the end of its life. Using EUAC and a 7% interest, which pump should be chosen. No answer text provided. Pump A No answer text provided. Pump B