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How to fix burnt resistor on T-Fal Avante high-speed 2-slice toaster?

After opening my T-Fal Avante High-Speed Deluxe 2-slice toaster (875942), I found what appeared to be a badly burnt resistor. It is about 1 cm long, is located next to the power input, and is within a broken ceramic cylinder, and was labeled R1 on the board. What should be used to replace it? Any ideas why it failed?
Carlisle Thacker, June 2006
my toast doesn't pop up when ready -- don't know what kind of tool to use to open it.

Susan, September 2008