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 $1.64 million fully installed and has a 10 year life. It will be depreciated to a book value of $180.689.00 and sold for that amount in year 10 . b. The Engineering Department spent $30,207.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $22,967,00. d. The PJX5 will reduce operating costs by $349,176.00 per year. e. CSD's marginal tax rate is 24.00%. f. CSD is 71.00% equity-financed. g. CSD's 15.00-year, semi-annual pay, 5.25% coupon bond sells for $965.00. h. CSD's stock currently has a market value of $20.76 and Mr. Bensen believes the market estimates that dividends will grow at 2.26% forever. Next year's dividend is projected to be $1.46. 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))