#35 Caspian Sea Drinks is considering the production of a diet drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink will cost $22.00 million. The plant and equipment will be depreciated over 10 years to a book value of $2.00 million, and sold for that amount in year 10. Net working capital will increase by $1.47 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.28 million per year and cost $2.06 million per year over the 10-year life of the project. Marketing estimates 17.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 26.00%. The WACC is 10.00%. Find the NPV (net present value). Attem Submit Answer format: Currency: Round to: 2 decimal places. #36 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 IRR of the PJX5? a. The PJX5 will cost $1.69 million fully installed and has a 10 year life. It will be depreciated to a book value of $131,747.00 and sold for that amount in year 10. Attem b. The Engineering Department spent $36,201.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $18,729.00. d. The PJX5 will reduce operating cost $426,441. per year. e. CSD's marginal tax rate is 22.00%. f. CSD is 64.00% equity-financed. g. CSD's 12.00-year, semi-annual pay, 5.62% coupon bond sells for $1,007.00. h. CSD's stock currently has a market value of $23.37 and Mr. Bensen believes the market estimates that dividends will grow at 3.62% forever. Next year's dividend is projected to be $1.56. Submit 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))