You can buy property today for $3 million and sell it in 5 years for $4 million. (You earn no rental income on the property.)   a. If the interest rate is 8%, 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. 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. (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.)

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