Question: Question content area top Part 1 RiverRocks ( whose WACC is 1 2 . 0 % ) is considering an acquisition of Raft Adventures (

Question content area top
Part 1
RiverRocks(whose WACC is
12.0%)
is considering an acquisition of Raft Adventures(whose WACC is
15.0%).
What is the appropriate discount rate for RiverRocks to use to evaluate the acquisition? Why?

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