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 $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 $1.38 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.37 million per year and cost $1 72 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 33.00%. The WACC is 11.00%. Find the IRR (internal rate of return) Submit Answer format: Percentage Round tod decimal places (Example: 9.243496, % sign required Will accept decimal format rounded to 6 decimal places (ex 0.092434)) 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 $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 $1.38 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.37 million per year and cost $1 72 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 33.00%. The WACC is 11.00%. Find the IRR (internal rate of return) Submit Answer format: Percentage Round tod decimal places (Example: 9.243496, % sign required Will accept decimal format rounded to 6 decimal places (ex 0.092434))