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RiverRocks ( whose WACC is 1 1 . 6 % ) is considering an acquisition of Raft Adventures ( whose WACC is 1 4 .

RiverRocks(whose WACC is 11.6%) is considering an acquisition of Raft Adventures(whose WACC is 14.5%). The purchase will cost $ 104.4 million and will generate cash flows that start at $ 15.5 million in one year and then grow at 3.6% per year forever. What is the NPV of the acquisition?

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