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RiverRocks (whose WACC is 12.4%) is considering an acquistion of Raft Adventures (whose WACC is 15.6%). What is the appropriate discount rate for RiverRocks to

RiverRocks (whose WACC is 12.4%) is considering an acquistion of Raft Adventures (whose WACC is 15.6%). What is the appropriate discount rate for RiverRocks to use to evaluate the acquistion ? why?

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