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RiverRocks, whose WACC is 12.4%, is considering an acquisition of Raft Adventures (whose WACC is 14.3%). The purchase will cost $103.3 million and will generate

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RiverRocks, whose WACC is 12.4%, is considering an acquisition of Raft Adventures (whose WACC is 14.3%). The purchase will cost $103.3 million and will generate cash flows that start at $14.6 mllon in one year and then grow at 3.7% per year forever. What is the NPV of the acquisition? The net present value of the project is $million. (Round to two decimal places.) Enter your answer in the answer box. 2A

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