Question: could you please do this in excel? You can buy a property today for $3.1 million and sell it in 6 years for $4.1 million.

could you please do this in excel? You can buy a property today for $3.1 million and sell it in 6 years for $4.1 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?

Note: 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 $210,000 per-year rent on the property? The rent is paid at the end of each year.

Note: 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?

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