Caspian Sea Drinks is considering the purchase of a plum juicer - the PJX5. There is no planned increase in production The PJXI will reduce costs by squeezing more juice from each plum and doing so in a more efficient manner. Mt. Bensen gave Dorok the following information. What is the IRR of the PJX5? a. The PJX5 will cost $1.91 million fully installed and has a 10 year life. It will be depreciated to a book value of $286,023.00 and sold for that amount in year 10. b. The Engineering Department spent $19,199.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $15,619.00 d. The PJX5 will reduce operating costs by $423,153.00 per year. e. CSD's marginal tax rate is 22.00% 1. CSD is 70.00% equity-financed. g. CSD's 15.00-year, semi-annual pay, 5.78% coupon bond sells for $975.00 h. CSD's stock currently has a market value of $21.79 and Mr. Bensen believes the market estimates that dividends will grow at 2.66% forever. Next year's dividend is projected to be $1.41. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. WW accept decimal format rounded to 4 decimal places fox 0.0924))