TeleStark is considering building a new manufacturing plant. This plant will cost $9 million to build. The new plant will produce cash inflows of $2.05 million per year for the next 7 years. TeleStark already owns the land on which it intends to build the new plant. TeleStark spent $1.3 million to excavate the land and prepare it for development. Rather than building the plant, TeleStark could sell the land today for a net gain of $2 million. If TeleStark’s required return is 9.1%, should it build the plant? How much value does this project create (or destroy) in present value terms?