Initial oven investment Annual cash flows from operations (excluding the depreciation effect) Cash flow from terminal disposal of oven Relevant Cash Flows at End of Each Year 0 1 $ (185,000) 2 3 4 $ 77,000 $ 77,000 $ 77,000 $ 77,000 0 Assume depreciation is calculated on a straight-line basis for accounting purposes using the initial investment in the oven and its estimated terminal disposal value. Assume all cash flows occur at year-end except for initial investment amounts.