RiverRocks purchase of Raft Adventures (from Problem 19) will cost ($100) million, and will generate cash flows

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RiverRocks’ purchase of Raft Adventures (from Problem 19) will cost \($100\) million, and will generate cash flows that start at \($15\) million in one year and then grow at 4% per year forever. What is the NPV of the acquisition?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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