UniversalAPT is looking to build an innovation campus. This campus costs $15 million upfront and will produce incremental new cash flows of $2 million per year for the next 14 years. UniversalAPT owns the land where it intends to build the innovation campus. The company already spent $1 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 $3 million. If UniversalAPT's required return is 9.8%, should it build the plant? How much value does this project create or destroy) in present value terms? No, destroys $3.10 mil Yes, creates $0.88 mil No, destroys $4.10 mil Yes, creates $1.10 mil