Caspian Sea Drinks is considering the purchase of a plum juicer $-$ the PJX$5.$ There is no planned increase in production.

The PJX$5$ 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 PJX$5?$

a$.$ The PJX$5$ will cost $$2\mathrm{.}32$ million fully installed and has a $10$ year life. It will be depreciated to a book value of

$$105,372\mathrm{.}00$ and sold for that amount in year $10.$

b$.$ The Engineering Department spent $$36,298\mathrm{.}00$ researching the various juicers.

c$.$ Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $$22,405\mathrm{.}00.$

d$.$ The PJX$5$ will reduce operating costs by $$378,806\mathrm{.}00$ per year.

e$.$ CSD$\text{'}$s marginal tax rate is $34\mathrm{.}00\%.$

f$.$ CSD is $68\mathrm{.}00\%$ equity$-$financed.

g$.$ CSD$\text{'}$s $19\mathrm{.}00-$year, semi$-$annual pay, $6\mathrm{.}80\%$ coupon bond sells for $$1,044\mathrm{.}00.$

h$.$ CSD$\text{'}$s stock currently has a market value of $$21\mathrm{.}17$ and Mr$.$ Bensen believes the market estimates that dividends will

grow at $4\mathrm{.}24\%$ forever. Next year's dividend is projected to be $$1\mathrm{.}66.$

Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format

rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$