Question: River Rocks, whose WACC is 12.1%, is considering an acquisition of Raft Adventures (whose WACC is 15.7%). What is the appropriate discount rate for River

River Rocks, whose WACC is 12.1%, is considering an acquisition of Raft Adventures (whose WACC is 15.7%). What is the appropriate discount rate for River Rocks to use to evaluate the acquisition? Why? The appropriate discount rate for River Rocks to use to evaluate the acquisition is %. (Round to one decimal place.)
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