Please explain each step!

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 $2.39 million fully installed and has a 10 year Ilfe. It will be depreciated to a book value of $145,694.00 and sold for that amount in year 10. b. The Engineering Department spent $28,623.00 researching the various Juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $18,319.00. d. The PJX5 will reduce operating costs by $482,815.00 per year. e. CSD's marginal tax rate is 38.00%. f. CSD is 69.00% equity-financed. g. CSD's 13.00-year, semi-annual pay, 5.62% coupon bond sells for $981.00. h. CSD's stock currently has a market value of $23.97 and Mr. Bensen believes the market estimates that dividends will grow at 3.70% forever. Next year's dividend is projected to be $1.71. 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))