Question: Hey I need help with this problem, if you can provide detail on how you got the answer thats be great! RiverRocks (whose WACC is
RiverRocks (whose WACC is 11.8% ) is considering an acquisition of Raft Adventures (whose WACC is 14.2% ). The purchase will cost $103.3 million and will generate cash flows that start at $15.8 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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