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River Rocks (whose WACC is 11.5%) is considering an acquisition of Raft Adventures (whose WACC...

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River Rocks (whose WACC is 11.5%) is considering an acquisition of Raft Adventures (whose WACC is 14.8%) What is the appropriate discount rate for River Rocks to use to evaluate the acquisition? Why? The appropriate discount rate for RiverRocks to use to evaluate the acquisition is I % (Round to one decimal place.)

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