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 $23.00 million. The plant and equipment will be depreciated over 10 years to a book value of $1.00 million, and sold for that amount in year 10. Net working capital will increase by $1.33 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $8.60 million per year and cost $2.06 million per year over the 10-year life of the project. Marketing estimates 13.00% 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 11.00% Find the NPV (net present value) Submit Answer format: Currency Round to 2 decimal places, Casplan 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 $1.00 million and sold for that amount in year 10. Net working capital will increase by $1.10 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.35 million per year and cost $2.09 million per year over the 10-year life of the project Marketing estimates 14 00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 32.00% The WACC is 15.00%. Find the IRR (Internal rate of return) Submd Answer format: Percentage Round to 4 decimal places (Example: 9.2434%, % sign required. Will accepr decimal format rounded to 6 decimal places (ex 0.092434))