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Part $1$

RiverRocksRiverRocks

$($whose WACC is

$12\mathrm{.}7\%12\mathrm{.}7\%)$

is considering an acquisition of

Raft AdventuresRaft$$Adventures

$($whose WACC is

$15\mathrm{.}6\%15\mathrm{.}6\%).$

What is the appropriate discount rate for

RiverRocksRiverRocks

to use to evaluate the$$ acquisition? Why?

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Part $1$

The appropriate discount rate for

RiverRocksRiverRocks

to use to evaluate the acquisition is

enter your response here$\%$