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You can buy property today for ( $ 3 . 7 ) million and sell it in 6 years for (

You can buy property today for \(\$ 3.7\) million and sell it in 6 years for \(\$ 4.7\) 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? (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 \(\$ 270,000\) 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?
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