Caspian Sea Drinks is considering the production of a diet drink. The expansion of the pjant and the purchase of the equipment necessary to produce the diet drink will cost $28.00 million. The plant and equipment will be depreciated over 10 years to a book value of $3.00 million, and sold for that amount in year 10 . Net working capital will increase by $1.11 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.01 million per year and cost \$2.06 million per year over the 10-year life of the project. Marketing estimates 12.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 25.00%. The WACC is 15.00%. Find the IRR (intemal rate of return)