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You can buy a property today for $\$ 3$ million and sell it in $5$ years for $\$ 4$ million. (You earn no rental income on the property.)$\newline$a. If the interest rate is $8 \%$, what is the present value of the sales price?$\newline$Note: Do not round intermediate calculations. Enter your answer in millions rounded to $3$ decimal places.)$\newline$b. Is the property investment attractive to you?$\newline$c$-1$. What is the present value of the future cash flows if you also could earn $\$ 200,000$ per-year rent on the property? The rent is paid at the end of each year.$\newline$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?$\newline$\begin{tabular}{|l|}$\newline$\hline a. Present value \\$\newline$\hline b. Is the property investment attractive to you? \\$\newline$\hline c$-1$. Present value \\$\newline$\hline c$-2$. Is the property investment attractive to you now? \\$\newline$\hline$\newline$\end{tabular}