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 $2.29 million fully installed and has a 10 year life. It will be depreciated to a book value of $155,438.00 and sold for that amount in year 10. b. The Engineering Department spent $28,630.00 researching the various juicers. C. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $18,863.00 d. The PJX5 will reduce operating costs by $492,341.00 per year. e. CSD's marginal tax rate is 27.00%. f. CSD is 72.00% equity-financed. 9. CSD's 10.00-year, semi-annual pay, 7.00% coupon bond sells for $995.00. h. CSD's stock currently has a market value of $22.23 and Mr. Bensen believes the market estimates that dividends will grow at 2.42% forever. Next year's dividend is projected to be $1.67. Submit Answer format: Currency: Round to: 2 decimal places