The only help I can give is that I tried to installed sendmail and the only thing I got whas to send emails but not to receive them. So, I ooked into the Internet for others mail servers (MTAs) and I found postfix. So I decided to install it. The result was a mail server with fantastic resutls, very easy to configure and it wokrs pretty well. Although I don't know your needs, I do recommend it to anyone.
I use FC2 and I used an utility that came with it to switch between sendmail and postfix graphically. Just select you default mail server (sendmail or postfix) and click Accept. The rest of the process should be seamless.
I hope to have been helpful for you.
Good luck!