RiverRocksRiverRocks

$($whose WACC is

$12\mathrm{.}1\%12\mathrm{.}1\%)$

is considering an acquisition of

Raft AdventuresRaft$$Adventures

$($whose WACC is

$14\mathrm{.}5\%14\mathrm{.}5\%).$

What is the appropriate discount rate for

RiverRocksRiverRocks

to use to evaluate the$$ acquisition? Why?

Question content area bottom

Part $1$

The appropriate discount rate for

RiverRocksRiverRocks

to use to evaluate the acquisition is

enter your response here$\%.$

$($Round to one decimal$$ place.$)$