Caspian Sea Drinks is considering the producton of a diet drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink wili cost $23.00million. The plant and equipment will be depreciated over 10 years to a book value of $3.00million, and sold for that amount in year 10 . Net working capital will increase by $1.18 milion at the beginning of the projoct and wil be recovered at the end. The now diot drink will produce revenues of \$8.57 mililon per year and cost $1.82 milion per year over the 10-year life of the profect. Marketing ostimates 18.00% of the buyers of the dlet drink will bo peoplo who wili switch irom the regiltir dink. The marginal tax rate is 20.00\%. The WACC is 14.00%. Find the IRR (internis rate of retum). Answer format: Porcontago Round to: 4 docima placos (Examplex 9.2434%. \%6 slgn required. Wil accopt docimal format rounded to 6 docimal plices (ox: 0.092434) )