James Bay Bakers is expecting to generate the following from a $796,000 investment: Year Earnings before Amortization and Taxes Cash flows (after taxes and preferred share dividends) 1 $266,000 $206,000 2 286,000 217,000 3 156,000 145,500 4 203,000 171,350 5 173,000 154,850 6 174,000 155,400 Additional Information: the asset will be fully depreciating over the six-year time period, using straight-line depreciation, and James Bay Bakers has a 45.00 percent tax rate.

Requirements: Compute: 1. Average Account Return 21.99 1. the payback period 2. IRR for the project 3. NPV if WACC is 12.00 percent Should the project be undertaken? (Click to select)