Rarotonga is a very popular tourist destination with many resorts, hotels and motels. The chief town, Avarua, on the north coast, is the capital of the Cook Islands. The volcanic island of Rarotonga stands over 14,750 feet (4,500 meters) above the ocean floor. It is 32 km (20 miles) in circumference and has an area of 67.19 km (26 square miles). At a depth of 4,000 m (13,000 ft) the volcano is nearly 50 km (31 miles) in diameter. Te Manga, at 658 m (2,140 ft) above sea level, is the highest peak on the island. The island is surrounded by
Encore Capital Group in Kansas in September 1953. In 1998, an investor group led by Nelson Peltz and Peter May (members of Triarc Companies, Inc. management) and Kerry Packer of Consolidated Press International Holdings Limited, acquired a majority interest in its operations.The group formed a holding company, which it incorporated in Delaware in April 1999 as MCM Capital Group, Inc., later renamed Encore Capital Group, Inc. in April 2002. The company completed its initial public offering of 2,250,000 shares of common stock in July 1999. In June, 2013, Encore acquired Asset Acceptance Corporation ( NASDAQ: AACC), another large publicly held debt buyer based