Question: RiverRocks (whose WACC is 11.9% ) is considering an acquisition of Raft Adventures (whose WACC is 14.7%) Wht is the appropriate discount rate for RiverRocks

RiverRocks (whose WACC is 11.9% ) is considering an acquisition of Raft Adventures (whose WACC is 14.7\%) Wht is the appropriate discount rate for RiverRocks to use to evaluate the acquisition? Why? The appropriate discount rate for RiverRocks to use to evaluate the acquisition is \%. (Round to one decimal place.)

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