Please solve for C-1

You can buy property today for $2.8 million and sell it in 4 years for $3.8 million. (You earn no rental income on the property.) a. If the interest rate is 11%, what is the present value of the sales price? (Do not round interm ediate calculations. Enter your answer in millions rounded to 3 decimal places) Present value$2.503 million b. Is the property investment attractive to you? Yes No c-1. What is the present value of the future cash flows, if you also could earn $180,000 per year rent on the property? The rent is paid at the end of each year. (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) Present value million c-2. Is the property investment attractive to you now? O Yes O No