Question: 7. River Rocks, whose WACC is 11.9%, is considering an acquisition of Raft Adventures (whose WACC is 14.1%). The purchase will cost $102.8 million and

7. River Rocks, whose WACC is 11.9%, is considering an acquisition of Raft Adventures (whose WACC is 14.1%). The purchase will cost $102.8 million and will generate cash flows that start at $15.4 million in one year and then grow at 3.6% per year forever. What is the NPV of the acquisition? The net present value of the project is $ million. (Round to two decimal places.)

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