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 $2.19 million fully installed and has a 10 year life. It will be depreciated to a book value of $154,460.00 and sold for that amount in year 10. b. The Engineering Department spent $14,154.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $19,767.00. d. The PJX5 will reduce operating costs by $489,164.00 per year. e. CSD's marginal tax rate is 38.00%. f. CSD is 55.00% equity-financed. g. CSD's 16.00-year, semi-annual pay, 6.61% coupon bond sells for $1,043.00. h. CSD's stock currently has a market value of $22.45 and Mr. Bensen believes the market estimates that dividends will grow at 4.46% forever. Next year's dividend is projected to be $1.72. Answer format: Currency: Round to: 2 decimal places