4 You can buy property today for $3 mailion and sell t in 5 years for $4 maition (You earn no rental income on the property) n If the interest rate is 8%, what is the present value of the sales price? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) points b. Is the property investment attractive to youe Yes No Pint References C-1. What is the present velue of the future cash tows, if you atso could earn $200:000 per yeaem on the propety? The rent is paid at the end of each year (Do not round intermediste celculetions. Enter your answer in misions rounded to 3 decimial places.) milion c-2. is the property investment attractive to you now No