Caspian Sea Drinks is considering the purchase of a plum juicer - the PJX5. There is no planned increase in production. The PJX5 will reduce costs by squeezing more juice from each plum and doing so in a more efficient manner. Mr. Bensen gave Derek the following information. What is the NPV of the PJX5? a. The PJX5 will cost $1.59 million fully installed and has a 10 year life. It will be depreciated to a book value of $179,215.00 and sold for that amount in year 10 . b. The Engineering Department spent $37,013.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $23,052.00. d. The PJX5 will reduce operating costs by $494,895,00 per year. e. CSD's marginal tax rate is 37,00%. f. CSD is 59.00% equity-financed. 9. CSD's 18.00-year, semi-annual pay, 6.22% coupon bond sells for $987.00. h. CSD's stock currently has a market value of $21.40 and Mr. Bensen believes the market estimates that dividends will grow at 3.75% forever. Next year's dividend is projected to be $1.47. Answer format: Currency: Round to: 2 decimal places