Question: help RiverRocks, whose WACC is 11.6%, is considering an acquisition of Raft Adventures (whose WACC is 14.4%). The purchase will cost $104.9 million and will
RiverRocks, whose WACC is 11.6%, is considering an acquisition of Raft Adventures (whose WACC is 14.4%). The purchase will cost $104.9 million and will generate cash flows that start at $15.7 million in one year and then grow at 4.3% per year forever. What is the NPV of the acquisition? The net present value of the project is s million (Round to two decimal places)
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