Question: RiverRocks ( whose WACC is 1 2 . 1 % ) is considering an acquisition of Raft Adventures ( whose WACC is 1 4 .

RiverRocks (whose WACC is 12.1%) is considering an acquisition of
Raft Adventures (whose WACC is 14.5%). The purchase will cost $104.4 million
and will generate cash flows that start at $14.6 million in one year and then grow
at 3.7% per year forever. What is the NPV of the acquisition?
The net present value of the project is $ million. (Round to two
decimal places.)
please explain/show steps
 RiverRocks (whose WACC is 12.1%) is considering an acquisition of Raft

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