Question: Show the work please. # 33 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product.

Show the work please. # 33 Caspian Sea Drinks is considering buying Show the work please.

# 33 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.85 million and create incremental cash flows of $499,980.00 each year for the next five years. The cost of capital is 11.44%. What is the internal rate of return for the J-Mix 2000? 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))

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