Question: River Rocks (whose WACC is 11.6%) is considering an acquisition of Raft Adventures (whose WACC is 14.3%). The purchase will cost $104.7 million and will

River Rocks (whose WACC is 11.6%) is considering an acquisition of

River Rocks (whose WACC is 11.6%) is considering an acquisition of Raft Adventures (whose WACC is 14.3%). The purchase will cost $104.7 million and will generate cash flows that start at $14.9 million in one year and then grow at 3.6% per year forever. What is the NPV of the acquisition

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