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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $40,054.00 exactly 6.00 years from today. Assuming that Derek

Derek has the opportunity to buy a money machine today. The money machine will pay Derek $40,054.00 exactly 6.00 years from today. Assuming that Derek believes the appropriate discount rate is 12.00%, how much is he willing to pay for this money machine?

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