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 NPV of the PJX5? a. The PJX5 will cost $2.17 million fully installed and has a 10 year life. It will be depreciated to a book value of $196,557.00 and sold for that amount in year 10 . b. The Engineering Department spent $36,765.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $21,971.00. d. The PJX5 will reduce operating costs by $470,394.00 per year. e. CSD's marginal tax rate is 36.00%. f. CSD is 69.00% equity-financed. g. CSD's 19.00 -year, semi-annual pay, 5.51% coupon bond sells for $962.00. h. CSD's stock currently has a market value of $23.79 and Mr. Bensen believes the market estimates that dividends will grow at 4.05% forever. Next year's dividend is projected to be $1.53. Answer format: Currency: Round to: 2 decimal places