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 NPV of the PJX$5?$

a$.$ The PJX$5$ will cost $$1\mathrm{.}60$ million fully installed and has a $10$ year life. It will be depreciated to a book value of $$251,078\mathrm{.}00$ and sold for that amount in year $10.$

b$.$ The Engineering Department spent $$12,790\mathrm{.}00$ researching the various juicers.

c$.$ Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $$19,506\mathrm{.}00.$

d$.$ The PJX$5$ will reduce operating costs by $$312,033\mathrm{.}00$ per year.

e$.$ CSD$$s marginal tax rate is $23\mathrm{.}00\%.$

f$.$ CSD is $55\mathrm{.}00\%$ equity$-$financed.

g$.$ CSD$$s $19\mathrm{.}00-$year, semi$-$annual pay, $6\mathrm{.}34\%$ coupon bond sells for $$1,020\mathrm{.}00.$

h$.$ CSD$$s stock currently has a market value of $$23\mathrm{.}22$ and Mr$.$ Bensen believes the market estimates that dividends will grow at $2\mathrm{.}35\%$ forever. Next year$$s dividend is projected to be $$1\mathrm{.}51.$