Question: I cant find the question a and c Problem 5-11 Present Values (LO2) You can buy a property today for $3.5 million and sell it

I cant find the question a and c

Problem 5-11 Present Values (LO2) You can buy a property today for $3.5 million and sell it in 4 years for $4.5 million. (You earn no rental income on the property.) a. If the interest rate is 11%, 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 $250.000 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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