Question: RiverRocks ( whose WACC is 1 1 . 1 % ) is considering an acquisition of Raft Adventures ( whose WACC is 1 5 .

RiverRocks(whose WACC is 11.1%) is considering an acquisition of Raft Adventures(whose WACC is 15.5%). The purchase will cost $103.7 million and will generate cash flows that start at $15.6 million in one year and then grow at 3.7% per year forever. What is the NPV of the acquisition? Question content area bottom Part 1 The net present value of the project is $enter your response here million. (Round to two decimal places.)

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