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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 $204,162.00 and sold for that amount in year 10. b. The Engineering Department spent $46,984,00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $23,634.00. d. The PJX5 will reduce operating costs by $301,577.00 per year. e. CSD's marginal tax rate is 35.00%. 1. CSD is 56.00% equity-financed. g. CSD's 13.00-year, semi-annual pay, 5.17\% coupon bond sells for $1,020.00. h. CSD's stock currently has a market value of \$20.87 and Mr. Bensen believes the market estimates that dividends will grow at 2.90% forever. Next year's dividend is projected to be $1.60. 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))