Question: RiverRocks (whose WACC is 11.9% ) is considering an acquiston of Raft Adventurns (Whose WACC is 15.1% ). What is the appropriate discount rate for

 RiverRocks (whose WACC is 11.9% ) is considering an acquiston of

RiverRocks (whose WACC is 11.9% ) is considering an acquiston of Raft Adventurns (Whose WACC is 15.1% ). What is the appropriate discount rate for ReverRocks to use to evaluate the acquisition? Why? The appropriate discount rate for RiverRocks to use to evaluate the acguistion is (Round to one decimal placo.)

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