You can buy property today for $2.5 million and sell it in 7 years for $3.5 million. (You earn no rental income on the property.) a. If the interest rate is 7%, 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 $150,000 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? million Present value Is the property investment attractive to you? Present value Is the property investment attractive to you now? million C-1. c-2. Yes