Two small airlines provide a seaplane shuttle service between East Hampton and Manhattan. The services are alike in every respect except that Sandpiper Air bought its seaplane outright for $1,750,000 in cash, whereas Aeromass takes advantage of a competitive market for aircraft leasing and rents its seaplane for $175,000 a year. If Sandpiper Air were to go out of business, it would be able to rent its seaplane to any of a large number of other carriers on the open market. Which airline has the lower (economic) breakeven price? Explain.