Question: It would be great if you could show the steps (not on excel) for better understanding! Thank You! Caspian Sea Drinks is considering the purchase

It would be great if you could show the steps (not on excel) for better understanding! Thank You!

Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand production. It will cost $12.00 million fully installed and will be fully depreciated over a 20 year life, then removed for no cost. The RGM-7000 will result in additional revenues of $2.90 million per year and increased operating costs of $594,611.00 per year. Caspian Sea Drinks' marginal tax rate is 34.00%. If Caspian Sea Drinks uses a 11.00% discount rate, then the net present value of the RGM-7000 is Submit Answer format: Currency: Round to: 2 decimal places

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