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 $2.25 million fully installed and has a 10 year life. It will be depreciated to a book value of $162,060.00 and sold for that amount in year 10 . b. The Engineering Department spent $14,994.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24,270.00. d. The PJX5 will reduce operating costs by $348,834.00 per year. e. CSD's marginal tax rate is 28.00%. f. CSD is 72.00% equity-financed. g. CSD's 10.00-year, semi-annual pay, 5.69% coupon bond sells for $994.00. h. CSD's stock currently has a market value of $20.50 and Mr. Bensen believes the market estimates that dividends will grow at 2.70% forever. Next year's dividend is projected to be $1.67. Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))