the correct answer is 9.45% please show me the steps to solve

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? Correct Answer: 9.45% a. The PJX5 will cost $1.62 million fully installed and has a 10 year life. It will be depreciated to a book value of $120,645.00 and sold for that amount in year 10 . Points: 0 b. The Engineering Department spent $13,169.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $19,431.00. Attempts Remaining: Infinity d. The PJX5 will reduce operating costs by $303,347.00 per year. e. CSD's marginal tax rate is 35.00%. f. CSD is 59.00% equity-financed. g. CSD's 18.00-year, semi-annual pay, 6.69\% coupon bond sells for $953.00. h. CSD's stock currently has a market value of $24.72 and Mr. Bensen believes the market estimates that dividends will grow at 3.28% forever. Next year's dividend is projected to be $1.76. 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)) Similar to CSD Chapter 9#4