Question: River Rocks, whose WACC is 11.6%, is considering an acquisition of Raft Adventures, whose WACC is 14.75. The purchase will cost $104.8 million and will
River Rocks, whose WACC is 11.6%, is considering an acquisition of Raft Adventures, whose WACC is 14.75. The purchase will cost $104.8 million and will generate cash flows that start 01 514.1 milion in one year and then grow at 42% 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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