Pertinent data are as$$ follows: Begin by determining whether each item is relevant or irrelevant for this decision. If an item is irrelevant, select why it is irrelevant. $($Make a selection for each item in the Old Oven and New Oven columns. In the "Why Irrelevant" column,

only make a selection for irrelevant items. For relevant items, leave the input field blank; do not select a label.$)$

Jessie's Bakery is thinking about replacing the convection oven with a$$ new, more$$ energy$-$efficient model. Information related to the old and new ovens$$ follows:

Requirements $1$ and $2-$ Which of the costs and benefits above are relevant to the decision to replace the$$ oven? What information is$$ irrelevant? Why is it$$ irrelevant?

Requirement $3-$ Should Jessie's Bakery purchase the new$$ oven? Provide support for your answer.

Requirement $4-$ Is there any conflict between the decision model and the incentives of the manager who has purchased the$$ "old" oven and is considering replacing it only $3$ years$$ later?

Requirement $5-$ At what purchase price would Jessie's Bakery be indifferent between purchasing the new oven and continuing to use the old$$ oven?