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You can buy a property today for $2.6 million and sell it in 6 years for $3.6 million. (You earn no rental income on the

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You can buy a property today for $2.6 million and sell it in 6 years for $3.6 million. (You earn no rental income on the property) a. If the interest rate is 6%, what is the present value of the sales price? Note: 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 $160,000 per-year rent on the property? The rent is paid at the end of each year. Note: 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. Present value million b. is the property investment attractive to you? c-1. Present value million c-2. Is the property investment attractive to you now

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