Question: River Rocks, whose WACC is 12.6%, is considering an acquisition of Raft Adventures (whose WACC is 15.8%). The purchase will cost $104.9 million and will

River Rocks, whose WACC is 12.6%, is considering an acquisition of Raft Adventures (whose WACC is 15.8%). The purchase will cost $104.9 million and will generate cash flows that start at $15.9 million in one year and then grow at 3.6% per year forever. What is the NPV of the acquisition? million (Round to two decimal places.) The net present value of the project is $

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