22 Caspian Sea Drinks is considering the purchase of a plum juicer-the PJXs. There is no planned increase in production The PJX5 wil 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 IRR of the PJX5? a The PjXs will cost $1.69 million fully installed and has a 10 year ife. It will be depreciated to a book value of $286,740.00 and sold for that amount in year 10 b. The Engineering Department spent $18,295.00 researching the various juicers, c Portions or the plant floor have been redesigned to accommodate the juicer at a cost of $23,767.00 a. The PJX5 will reduce operating costs by $357,068.00 per year. CSD's marginal tax rate is 37.00% 1. CSD is 69.00% equily Tinanced CSO's 12.00-year, semi-annual pay, 5 81% coupon bond sells for $950 00 n.CSD's stock currently has a market value of $23.70 and Mr Bensen believes the market estimates that dividends will grow at 3.51% forever. Next year's dividend is projected to be $1.56 Sutinit Answer format: Percentage Round to 2 decimal places (Example: 9.24%, % sign required Will accept decimal format rounded to 4 decimal places (ex 0.0924))