Question: I need help immediately please, before 10 pm tonight. Caspian Sea Drinks is considering the purchase of a plum juicer the PJX5. There is no

I need help immediately please, before 10 pm tonight.

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 $2.27 million fully installed and has a 10 year life. It will be depreciated to a book value of $116,765.00 and sold for that amount in year 10. b. The Engineering Department spent $12,362.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24,256.00. d. The PJX5 will reduce operating costs by $495,915.00 per year. e. CSDs marginal tax rate is 22.00%. f. CSD is 71.00% equity-financed. g. CSDs 16.00-year, semi-annual pay, 5.86% coupon bond sells for $958.00. h. CSDs stock currently has a market value of $24.68 and Mr. Bensen believes the market estimates that dividends will grow at 2.24% forever. Next years dividend is projected to be $1.51. %

Submit 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))

Please show all steps to enter into financial calculator. I am a beginner. Thanks.

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