An art collector has the opportunity to invest in paintings. The investment required an initial outlay of $2 million today. The collector is certain that he will be able to sell the paintings for $2.18 million 1 year from now. He also has the opportunity to invest in bank certificates of deposit which pay 10% per year. a. What is the future value of the $2 million in 1 year if the collector elects to purchase a bank certificate of deposit? Is the investment in the paintings a good investment? b. What is the rate of return for the investment in paintings? c. For the paintings described, what is the present value of the future cash flow the collector would receive if he sold the paintings 1 year from now? What is the value of the paintings to the collector?