Amanda's Bakery plans to purchase a new oven for its store. The oven has an estimated useful life of $4$ years. The estimated pretax cash flows for the oven are as shown in the table that follows, with no anticipated change in working capital. Amanda's Bakery has an $8\%$ after$-$tax required rate of return and a $35\%$ income tax rate. Assume depreciation is calculated on a straight$-$line basis for tax purposes using the initial investment in the oven and its estimated terminal dispo$$al value. Assume all cash flows occur at year$-$end except for initial investment amounts.

$($Click the icon to view the estimated cash flows for the oven.$)$

Present Value of $$1$ table

Present Value of Annuity of $$1$ table

Future Value of $$1$ table

Future Value of Annuity of $$1$ table

Read the requirements.

Requirement $1.$ Calculate $($a$)$ net present value, $($b$)$ payback period, and $($c$)$ internal rate of return.

Data table

$\backslash$table$[[,,$B$,$C$,$D$,$E$,$F$,],[1,,$Relevant Cash Flows at End of Each Year,,,$],[2,,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4,],[3,$Initial oven investment,$$(110,000),,,,,],[4,\backslash$table$[[$Annual cash flows from operations$],[($excluding the depreciation effect$)]],,$$$40,000,$$$40,000,$$$40,000,$$$,40,000],[5,$Cash flow from terminal disposal of oven,,,,,$$,15,000]]$