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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 $2.47 million fully installed and has a 10 year life. It will be depreciated to a book value of $108,079.00 and sold for that amount in year 10 b. The Engineering Department spent $18,660.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $23,877.00 d. The PJX5 will reduce operating costs by $368,447.00 per year, . CSD's marginal tax rate is 36.00%. f. CSD is 71.00% equity-financed. 9. CSD's 16.00-year, semi-ann pay, 5 31% coupon bond sells for $982.00 h. CSD's stock currently has a market value of $20.42 and Mr. Bensen believes the market estimates that dividends will grow at 3.87% forever. Next year's dividend is projected to be $171 Submit Answer format: Percentage Round to: 2hjecimal places (Examplo: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))