Derek has the opportunity to buy a money machine today. The money machine will pay Derek #6 $15,889.00 exactly 12.00 years from today. Assuming that Derek believes the appropriate unanswered discount rate is 6.00%, how much is he willing to pay for this money machine? not_submitted Submit Answer format: Currency: Round to: 2 decimal places. Assume the nominal rate of return is 11.85% and the inflation rate is 3.35%. Find the real rate of #7 return using the exact formula. unanswered not_submitted Submit Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))