a) Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.88 million and create incremental cash flows of $573,206.00 each year for the next five years. The cost of capital is 9.91%. What is the net present value of the J-Mix 2000?

b)Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.95 million and create incremental cash flows of $496,021.00 each year for the next five years. The cost of capital is 8.95%. What is the internal rate of return for the J-Mix 2000?

Answer format: Currency: Round to: 3 decimal places