Question: RiverRocks (whose WACC is 12.2% ) is considering an acquisition of Raft Adventures (whose WACC is 14.6% ). The purchase will cost $104.5 million and

RiverRocks (whose WACC is 12.2% ) is considering an acquisition of

RiverRocks (whose WACC is 12.2% ) is considering an acquisition of Raft Adventures (whose WACC is 14.6% ). The purchase will cost $104.5 million and will generate cash flows that start at $14.4 million in one year and then grow at 4.5% per year forever. What is the NPV of the acquisition? The net present value of the project is $ million. (Round to two decimal places.)

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