Question: River Rocks (whose WACC is 12.2%) is considering an acquisition of Raft Adventures (whose WACC is 15.2%). The purchase will cost $102.4 million and will

River Rocks (whose WACC is 12.2%) is considering an acquisition of

River Rocks (whose WACC is 12.2%) is considering an acquisition of Raft Adventures (whose WACC is 15.2%). The purchase will cost $102.4 million and will generate cash flows that start at $15.5 million in one year and then grow at 4.1% per year forever. What is the NPV of the acquisition? The net present value of the project is 5L million (Round to two decimal places.)

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