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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

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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 $2.00 million, and sold for that amount in year 10 . Net working capital will increase by $1.09 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.29 million per year and cost 52.07 million per year over the 10 -year life of the project Marketing estimates 20.00% of thebuyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 30.00%. The WACC is 1200%. Find the NpV (net present value). Answer format Ouerency. Round to 2 decimal places

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