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 \$2.19 million fully installed and has a 10 year life. It will be depreciated to a book value of $180,388.00 and sold for that amount in year 10. b. The Engineering Department spent $40,006.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $22,584.00. d. The PJX5 will reduce operating costs by $363,370.00 per year. eTCSD's marginal tax rate is 36.00%. f. CSD is 72.00% equity-financed. g. CSD's 17.00-year, semi-annual pay, 6.94% coupon bond sells for $984.00. h. CSD's stock currently has a market value of $23.20 and Mr. Bensen believes the market estimates that dividends will grow at 3.13% forever. Next year's dividend is projected to be $1.53. Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%. \% sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924))