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 $599,927.00 each year for the next five years. The cost of capital is 8.18%. What is the internal rate of return for the J-Mix 2000?

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 $599,927.00 each year for the next five years. The cost of capital is 8.18%. What is the internal rate of return for the J- Mix 2000? 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))