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 $$26\mathrm{.}00$ million. The plant and equipment will be depreciated over $10$ years to a book value of $$2\mathrm{.}00$ million, and sold for that amount in year $10.$ Net working capital will increase by $$1\mathrm{.}12$ million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $$9\mathrm{.}49$ million per year and cost $$1\mathrm{.}80$ million per year over the $10-$year life of the project. Marketing estimates $18\mathrm{.}00\%$ of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is $25\mathrm{.}00\%.$ The WACC is $13\mathrm{.}00\%.$ Find the NPV $($net present value$).$ 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 $$27\mathrm{.}00$ million. The plant and equipment will be depreciated over $10$ years to a book value of $$1\mathrm{.}00$ million, and sold for that amount in year $10.$ Net working capital will increase by $$1\mathrm{.}46$ million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $$8\mathrm{.}50$ million per year and cost $$2\mathrm{.}36$ million per year over the $10-$year life of the project. Marketing estimates $19\mathrm{.}00\%$ of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is $28\mathrm{.}00\%.$ The WACC is $14\mathrm{.}00\%.$ Find the IRR $($internal rate of return$).$ Round to $4$ decimal places.