Caspian Sea Drinks is considering the purchase of a plum juicer - the PJXS. 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 IRR of the PJX5? a. The PJX5 will cost $1.78 million fully installed and has a 10 year life. It will be depreciated to a book value of $167,592.00 and sold for that amount in year 10. b. The Engineering Department spent $26,066.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24.472.00 d. The PJX5 will reduce operating costs by $410,908.00 per year. e CSD's marginal tax rate is 36.00% f. CSD is 58.00% equity-financed g. CSD's 14.00-year, semi-annual pay, 6.40% coupon bond sells for $1,046.00 h. CSD's stock currently has a market value of $22.87 and Mr. Bensen believes the market estimates that dividends will grow at 2.90% forever. Next year's dividend is projected to be $1.55, Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24% % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))