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 $2.29 million fully installed and has a 10 year life. It will be depreciated to a book value of $187.145.00 and sold for that amount in year 10. b. The Engineering Department spent $45,484.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $15,325.00 d. The PJX5 will reduce operating costs by $490.407.00 per year. e CSD's marginal tax rate is 29.00%. f. CSD is 75.00% equity-financed g. CSD's 13.00-year, semi-annual pay, 6.19% coupon bond solls for $979.00 h. CSD's stock currently has a market value of $21.14 and Mr. Bensen believes the market estimates that dividends will grow at 3.96% forever. Next year's dividend is projected to be $1.56 Submit Answer format: Currency Round to: 2 decimal places