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 $2.32 million fully installed and has a 10 year life. It will be depreciated to a book value of $165,695.00 and sold for that amount in year 10. b. The Engineering Department spent $18,011.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24,869.00. d. The PJX5 will reduce operating costs by $363,178.00 per year. e. CSD's marginal tax rate is 38.00%. 1. CSD is 66.00% equity-financed. g. CSD's 14.00-year, semi-annual pay, 6.58% coupon bond sells for $1,030.00. h. CSD's stock currently has a market value of $20.96 and Mr. Bensen believes the market estimates that dividends will grow at 3.80% forever. Next year's dividend is projected to be \$1.56