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You can buy property today for $3.2 million and sell it in 4 years for $4.2 million. (You earn no rental income on the property)

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You can buy property today for $3.2 million and sell it in 4 years for $4.2 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.) Present value million b. Is the property investment attractive to you? O Yes O No ,000 per year rent on the property? The rent is paid c-1. What is the present value of the future cash flows, if you also could karn $220 at the end of each year.(Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) Present value million

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