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 $1.00 million, and sold for that amount in year 10. Net working capital will increase by $1.14 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $8.82 million per year and cost $2.49 million per year over the 10-year life of the project Marketing estimates 15.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 2400% The WACC is 13.00% Find the IRR (Internal rate of retum). Submit Answer format: Percentage Round to 4 decimal places (Example 9.2434% % sign required w/ accept decimal format rounded to 6 decimal places (ex 0 092434))