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 $1.95 million fully installed and has a 10 year life. It will be depreciated to a book value of $289,858.00 and sold for that amount in year 10. b. The Engineering Department spent $17,275.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $20,118.00. d. The P.JX5 will reduce operating costs by $413,309.00 per year. e. CSD's marginal tax rate is 33.00%. f. CSD is 64.00% oquity-financed. g. CSD's 12,00-year, semi-annual pay, 5.61% coupon bond sells for $1,000.00. h. CSD's stock currently has a market value of $23.30 and Mr. Bensen believes the market estimates that dividends will grow at 3.03\% forever. Next year's dividend is projected to be $1.58. Answer format: Percentage found to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 docimal places (ex: 0.0924) )