You can buy property today for $2.7 million and sell it in 4 years for $3.7 million. (You earn no rental income on the property.) a. If the interest rate is 12%, 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 $170,000 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? X Answer is complete but not entirely correct. a. Present value $ 1.716 X million b. Is the property investment attractive to you? No C- 1. Present value $ 2.232 x million C- 2. Is the property investment attractive to you now? Yes