Question: please follow rounding instructions. will upvote if answer is correct. thank you for your time! Caspian Sea Drinks is considering the production of a diet

please follow rounding instructions. will upvote if answer is correct. thank you for your time!  please follow rounding instructions. will upvote if answer is correct. thank

Caspian Sea Drinks is considering the production of a diet drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink will cost $27.00 million. The plant and equipment will be depreciated over 10 years to a book value of $2.00 million, and sold for that amount in year 10. Net working capital will increase by $1.35 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $8.97 million per year and cost $1.69 million per year over the 10-year life of the project. Marketing estimates 17.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 22.00%. The WACC is 13.00%. Find the NPV (net present value). Submit Answer format: Currency: Round to: 2 decimal places

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