Question: RiverRocks (whose WACC is 11.3% ) is considering an acquisition of Raft Adventures (whose WACC is 15.1% ). What is the appropriate discount rate for

RiverRocks (whose WACC is 11.3% ) is considering an acquisition of Raft Adventures (whose WACC is 15.1% ). What is the appropriate discount rate for RiverRocks to use to evaluate the acquisition? Why
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