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Derek has the opportunity to buy a money machine today The money machine will pay Derek $24 726 00 exactly 8.00 years from today Assuming

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Derek has the opportunity to buy a money machine today The money machine will pay Derek $24 726 00 exactly 8.00 years from today Assuming that Derek believes the appropriate discount rate is 1400%, how much is he willing to pay for this money machine? Submit Answer format: Currency Round to 2 decimal places

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