Question: RiverRocks, whose WACC is 1 1 . 9 % , is considering an acquisition of Raft Adventures, whose WACC is 1 5 . 8 %

RiverRocks, whose WACC is 11.9%, is considering an acquisition of Raft Adventures, whose WACC is 15.8%. The purchase will cost $ 101.9 million and will generate cash flows that start at $ 15.6 million in one year and then grow at 4.4% per year forever. What is the NPV of the acquisition?
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Part 1
The net present value of the project is $
enter your response here million. (Round to two decimal places.)
 RiverRocks, whose WACC is 11.9%, is considering an acquisition of Raft

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