UniversalAPT is looking to build an innovation campus. This campus costs $8 million upfront and will produce incremental new cash flows of $1 million per year for the next 14 years. UniversalAPT owns the land where it intends to build the innovation campus. The company already spent $0.8 million to excavate this land and prepare it for development. Rather than building the campus, UniversalAPT has a offer from a competitor to purchase the land from UniversalAPT for a net cash flow of $2.5 million. If UniversalAPT's required return is 6.2%, should it build the plant? How much value does this project create (or destroy) in present value terms? Yes, creates $0.17mil No, destroys $2.12mil No, destroys $1.32mil Yes, creates $0.38mil