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?

a.	Present value	$3.313	million
b.	Is the property investment attractive to you?	No
c-1.	Present value	??	??
c-2.	Is the property investment attractive to you now?

can you please manually calculate the problem? Thanks