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120 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.58 million

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120 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.58 million and create incremental cash flows of $489,409.00 each year for the next five years. The cost of capital is 9.01%. What is the internal rate of return for the J-Mix 2000? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. WW accept decimal format rounded to 4 decimal places (ex 0.0924)

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