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 IRR of the PJX5? a The PJX5 will cost $2.47 million fully installed and has a 10 year life. It will be depreciated to a book value of $299,972.00 and sold for that amount in year 10 b. The Engineering Department spent $40,319.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $15,652.00 d. The PJX5 will reduce operating costs by $450,332.00 per year. e CSD's marginal tax rate is 36.00%. f. CSD is 57.00 % equity - financed g. CSD's 13.00-year, semi-annual pay, 6.83% coupon bond sells for $993.00 h CSD's stock currently has a market value of $23.21 and Mr. Bensen believes the market estimates that dividends will grow at 3.77% forever. Next year's dividend is projected to be $1.48. Submit Answer format: Percentage Round to 2 decimal places (Example: 9.24 % , % sign required. Will accept declmal format rounded to 4 decimal places (ex: 0.0924))