How to calculate the discount rate in this scenario.

Blossom Inc. sold a unit of inventory to a buyer for $1,080 payable in one year. Blossom estimates that the interest rate for a similar financing arrangement would be 6%. The unit of inventory normally sells for $930. Assuming that the company recognizes an interest component, calculate the discount rate to be applied in calculating the cash selling price of the unit of inventory. Use Excel or a financial calculator. Blossom prepares financial statements in accordance with IFRS. (Round answer to 2 decimal places, e.g. 92.25\%.) Discount rate %