Question: River Rocks (whose WACC is 12.9%) is considering an acquisition of Raft Adventures (whose WACC is 14.5%). What is the appropriate discount rate for River

River Rocks (whose WACC is 12.9%) is considering an acquisition of

River Rocks (whose WACC is 12.9%) is considering an acquisition of Raft Adventures (whose WACC is 14.5%). 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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