answer is 4.96% can you help me find this answer?

A2 Caspian Sea Drinks is considering the purchase of a plum juicer - the PJXs. 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 $2.26 million fully installed and has a 10 year life. It will be depreciated to a book value of $168,930.00 and sold for that amount in year 10. b. The Engineering Department spent $32,406.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24,206.00 d. The PJX5 will reduce operating costs by $314,767.00 per year. e.CSD's marginal tax rate is 38,00%. 1. CSD is 67.00% equity-financed. 9. CSD's 20.00-year, semi-annual pay, 5.35% coupon bond sells for $1,046.00 h. CSD's stock currently has a market value of $23.86 and Mr. Bensen believes the market estimates that dividends will grow at 3.19% forever. Next year's dividend is projected to be $1.69. 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) Hide Hint Similar to CSD Chapter 9 #4 answered Incorrect Correct Answer: 4.69% Points: 0 More Details Retake Attempts Remaining: Infinity