You can buy property today for $3 million and sell it in 5 years for $4 million. (You earn no rental income on the property.) a. If the interest rate is 8%, 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 $200,000 per-year rent on the property? The rent is paid at the end of each year. (Hint: You must add the answer from question (a) to the rent cash flows to get the correct answer. 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 b. Is the property investment attractive to you? Present value $ million 2.722 332.790 NO $ 3,520 874.800 million Yes c-1 c.2. Is the property investment attractive to you now