Question: Please solve using excel functions !!!!!!! You can buy a property today for $3.4 million and sell it in 6 years for $4.4 million. (You

Please solve using excel functions !!!!!!!

You can buy a property today for $3.4 million and sell it in 6 years for $4.4 million. (You earn no rental income on the property.)

a. If the interest rate is 10%, 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 $240,000 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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