RiverRocks (whose WACC is 12.8%) is considering an acquisition of Raft Adventures (whose WACC is...

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Finance

RiverRocks (whose WACC is 12.8%) is considering an acquisition of Raft Adventures (whose WACC is 15.5%). The purchase will cost $103.9 million and will generate cash flows that start at $15.1 million in one year and then grow at 4.1% per year forever.

What is the NPV of the acquisition?

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