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 infomation. What is the IRR of the PJXX5? a. The PJX5 will cost $2.06 million fully installed and has a 10 year life. It will be depreciated to a book value of $118,362.00 and sold for that amount in year 10. b. The Engineering Department spent $24,825.00 researching the various julcers. c. Portions of the plant floor have been redesigned to accommodate the julcer at a cost of $18,130.00. d. The PJX X will reduce operating costs by $319,668. 00 per year. e. CSD's marginal tax rate is 36.00%. f. CSD is 58.00% equity-financed. g. CSD's 18.00-year, seml-annual pay, 6.08% coupon bond sells for $997.00. h. CSD's stock currently has a market value of $21.43 and Mr. Bensen believes the market estimates that dividends will grow at 3.54% forever. Next year's dividend is projected to be $1.50. Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, \% sign required. Will accept decimal format rounded to 4 decimat places (ox: 0.0924) )