Problem 5-11 Present Values (LO2) You can buy a property today for $2.9 million and sell it in 5 years for $3.9 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? Note: Do not round Intermedlate calculatlons. Enter your answer In millions rounded to 3 decimal places. b. Is the property Investment attractlve to you? c-1. What is the present value of the future cash flows If you also could earn $190,000 per-year rent on the property? The rent is paid a the end of each year. Note: Do not round Intermedlate calculatlons. Enter your answer In millions rounded to 3 declmal places. c-2. Is the property Investment attractlve to you now