X Gradebook Connect Mail - Holly Wilson - Outlook Connect D.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhe pply: Wk 3 Quiz [due Mon] i Oped Mc Saved 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 intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) b. Is the property investment attractive to you? 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.) c-2. Is the property investment attractive to you now? a. b. c-1. Present value Is the property investment attractive to you? Present value million million c-2. Is the property investment attractive to you now? Graw < Prev 7 of 15 Next