You can buy a property today for $3.9 million and sell it in 5 years for $4.9 million. (You earn no rental income on the property.)

c-1. What is the present value of the future cash flows if you also could earn $290,000 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?