Question: PLEASE SHOW WORK PLEASE Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment,

PLEASE SHOW WORK PLEASE
PLEASE SHOW WORK PLEASE Caspian Sea Drinks is considering the purchase of

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 $14.00 million fully installed and will be fully depreciated over a 15 year life, then removed for no cost The RGM-7000 will result in additional revenues of $2.80 million per year and increased operating costs of $769,320.00 per year. Caspian Sea Drinks' marginal tax rate is 23.00%. The intemal rate of return for the RGM-7000 is Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex0.092434))

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