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Caspian Sea Drinks is considering the purchase of a plum juicer $-$ the PJX$5.$ There is no planned increase in production.

The PJX$5$ 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 IRR of the PJX$5?$

a$.$ The PJX$5$ will cost $$2\mathrm{.}15$ million fully installed and his a $10$ year life. It will be depreciated to a book value of $$170,239\mathrm{.}00$ and sold for that amount in year $10.$

Attempts Remainin

b$.$ The Engineering Department spent $$23,266\mathrm{.}00$ researching the various juicers.

c$.$ Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $$15,725\mathrm{.}00.$

d$.$ The PJX$5$ will reduce operating costs by $$320,176\mathrm{.}00$ per year.

e$.$ CSD$\text{'}$s marginal tax rate is $31\mathrm{.}00\%.$

f$.$ CSD is $55\mathrm{.}00\%$ equity$-$financed.

g$.$ CSD$\text{'}$s $16\mathrm{.}00-$year, semi$-$annual pay, $6\mathrm{.}55\%$ coupon bond sells for $$1,003\mathrm{.}00.$

h$.$ CSD$\text{'}$s stock currently has a market value of $$23\mathrm{.}51$ and Mr$.$ Bensen believes the market estimates that dividends will grow at $3\mathrm{.}94\%$ forever. Next year's dividend is projected to be $$1\mathrm{.}75.$

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Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$

PLEASE DO NOT USE EXCEL, EXPLAIN STEP BY STEP, USING BA II plus i needed $($ show steps$)$