A B 1 2 3 Initial oven investment Annual cash flows from operations 4 (excluding the depreciation effect) 5 Cash flow from terminal disposal of oven D E Relevant Cash Flows at End of Each Year F Year 0 Year 1 Year 2 Year 3 Year 4 $ (110,000) $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 15,000 Requirement 1. Calculate (a) net present value, (b) payback period, and (c) internal rate of return. a. Net present value. (Use factors to three decimal places, X.XXX. Round intermediary calculations and your final answer to the nearest whole dollar.) The net present value is $ 14,670 b. Payback period. (Round your answer to two decimal places.) The payback period in years is 3.21 c. Internal rate of return. (Round intermediary calculations to the nearest whole dollar and round the IRR to two decimal places, X.XX%.) The internal rate of return (IRR) is 13.53% Requirement 2. Calculate accrual accounting rate of return based on net initial investment. (Round intermediary calculations to the nearest whole dollar. Round the final rate to two decimal places, X.XX%.) Based on net initial investment, the accrual accounting rate of return (AARR) is %.