$.$ Present Values. You can buy property today for $$3$ million and sell it in five years for $$4$ million. $($You earn no rental income on the property.$)$ a$.$ If the interest rate is $8\%,$ what is the present value of the sales price? b$.$ Is the property investment attractive to you? c$.$ Would your answer to part $($b$)$ change if you also could earn $$200,000$ peryear rent on the property? The rent is paid at the end of each year.