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 $2600 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 $1.38 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $8.91 million per year and cost $2.04 million per year over the 10-year life of the project. Marketing estimates 17.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 34.00% The WACC is 1300%. Find the NPV (net present value) Submit Answer format: Currency Round to: 2 decimal places 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 $25.00 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 5104 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of 59 11 million per year and cost 51.75 million per year over the 10-year life of the project. Marketing estimates 20.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 34.00% The WACC is 13.00% Find the IRR (Internal rate of return). Submit