Question: answer correctly please:) Caspian Sea Drinks is considering the production of a diat drink. The expansion of the plant and the purchase of the equipment

answer correctly please:) answer correctly please:) Caspian Sea Drinks is considering the production of a

Caspian Sea Drinks is considering the production of a diat drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink will cost $25.00 million. The plant and equipment will be depreciated over 10 yoars to a book value of $2.00 million, and sold for that amount in year 10 . Net working capital will increase by $1.15 milion ot the beginning of the project and will be rocovered at the end The new diet drink will produce revenues of $9.43 milbion per year and cost $1.99 million per year over the 10-year lfe of the prd.yct. Marketing estimates 10.00\% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 2200%. Tho WACC is 14.00%. Find the IRR (internal rate of retum). Answer format: Percentage Round to 4 decimal places (Example: 9.2434%. \% sign required. WW accept decimal format rounded to 6 decimal places (ox: 0.092434))

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