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RiverRocks ( whose WACC is 1 1 . 8 % ) is considering an acquisition of Raft Adventures ( whose WACC is 1 5 .

RiverRocks (whose WACC is 11.8%) is considering an acquisition of Raft Adventures (whose WACC is 15.7%). The purchase will cost $102.3 million and will generate cash flows that start at $14. million in one year and then grow at 4.2% 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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