Question: RiverRocks, whose WACC is 11.8 % , is considering an acquisition of Raft Adventures (whose WACC is 14.6 % ). What is the appropriate discount

RiverRocks, whose WACC is 11.8 % , is considering an acquisition of Raft Adventures (whose WACC is 14.6 % ). What is the appropriate discount rate for RiverRocks to use to evaluate the acquisition? Why?

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