#1 unanswered not_submitted Attempts Remaining: Infinity Caspian Sea Drinks is considering the purchase of a plum juicer the PJX5. There is no planned increase in production. The PJX5 will reduce costs by squeezing more juice from each plum and doing so in a more efficient manner. Mr. Bensen gave Derek the following information. What is the NPV of the PJX5? a. The PJX5 will cost $2.21 million fully installed and has a 10 year life. It will be depreciated to a book value of $115,722.00 and sold for that amount in year 10. b. The Engineering Department spent $15,047.00 researching the various juicers. C. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $18,171.00 d. The PJX5 will reduce operating costs by $402,255.00 per year. e. CSD's marginal tax rate is 21.00%. f. CSD is 75.00% equity-financed. g. CSD's 16.00-year, semi-annual pay, 5.06% coupon bond sells for $1,050.00. h. CSD's stock currently has a market value of $23.58 and Mr. Bensen believes the market estimates that dividends will grow at 3.98% forever. Next year's dividend is projected to be $1.47 Submit Answer format: Currency: Round to: 2 decimal places