Question: thanks for the help! RiverRocks (whose WACC is 12.9% ) is considering an acquisition of Raft Adventures (whose WACC is 15.3% ). The purchase will
RiverRocks (whose WACC is 12.9% ) is considering an acquisition of Raft Adventures (whose WACC is 15.3% ). The purchase will cost $100.1 million and will gene rale cash flows that start at $14.3 million in one year and then grow at 4.3% 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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