Assume you are contemplating the purchase of a one-half interest in a corporate airplane to facilitate the expansion of your business into two new geographic areas. This would eliminate about $220,000 in estimated annual expenditures (commercial flights, mileage reimbursements, rental cars and hotels) over the next ten years. The total purchase price for a half share is $6 million, plus associated operating costs of $100,000. Assume the plane can be depreciated on a straight line basis for tax purposes over ten years. The company's WACC is 8% and corporate tax rate is 40%. Does this present a positive or negative NPV? If positive, how much value is being created through the purchase of this asset? If negative, what additional cash flows would be needed for NPV to be zero? To what phenomena might those cash flows be ascribable?