Christopher's Calzones is considering investing in a new brick oven that has an initial cost of $74,250, a salvage value of $6,750 and a projected useful life of 11 years. The additional oven will increase annual revenues by $23,500 and annual out-of-pocket costs by $13,598. Christopher's has a required rate of return of 9%. Should the additional oven be purchased? No, because the project's internal rate of return of 7% is less than the project's required rate of return No, because the project's internal rate of return of 7,50% is less than the project's required rate of retum, O Yes, because the project's internal rate of return is between 16 and 17% which is greater than the project's required rate of retum Yes, because the project's internal rate of return is over 20% which is greater than the project's required rate of return