Question: The first section is correct, not sure how to do the second half You can buy property today for $4.0 million and sell it in

The first section is correct, not sure how to do the second half

You can buy property today for $4.0 million and sell it in 6 years for $5.0 million. (You earn no rental income on the property.) a. If the interest rate is 9%, 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 $300,000 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 $ 2.980 million b. No C-1. Is the property investment attractive to you? Present value Is the property investment attractive to you now? million | c-2

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