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Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines This new equipment, the RGM-7000, will allow

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Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand production. It will cost $12.00 million fully installed and will be fully depreciated over a 15 year life, then removed for no cost. The RGM-7000 will result in additional revenues of 53 23 million per year and increased operating costs of $604,201.00 per year. Caspian Sea Drinks" marginal tax rate is 31.00%. The internal rate of return for the RGM-7000 is Submit Answer format: Percentage Round to 4 decimal places (Example: 9 2434%, % sign required Will accept decima! format rounded to 6 decimal places (ex 0.092434))

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