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.) 8 a. If the interest rate is 8%, 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 $190,000 per-year rent on the property? The rent is paid at the end of each year. 01:17:43 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 milion b. Is the property investment attractive to you? e-1. Present value million c-2. is the property investment attractive to you now