Caching Empty Values example not correct

public V get(final K key) 
     {
         Element element = getCache().get(key);
         if (element != null) {
             return (V) element.getValue();
         }
         return null;
     }

public Value<V> getValueObject(final K key) {
 		Element element = getCache().get(key);
 		return new Value<V>(element);
 	}
 
 package ch.ergon.newom.web.service.cache;
 
 import net.sf.ehcache.Element;
 
 /**
  * Handles null values correctly. Use this object if you want to know if an
  * element was retrieved as null from the cache or the value was returned null
  * because it was not in the cache.
  * 
  * @param <V> encapsulated value
  */
 public class Value<V> {
 	private final V value;
 	private final boolean inCache;
 
 	Value(V element) {
 		if (element == null) {
 			inCache = false;
 		} else {
 			inCache = true;
 		}
 		value = element;
 	}
 	
 	Value(Element element) {
 		if (element == null) {
 			value = null;
 			inCache = false;
 		} else {
 			@SuppressWarnings("unchecked")
 			V val = (V) element.getValue();
 			value = val;
 			inCache = true;
 		}
 	}
 	
 	public V getValue() {
 		return value;
 	}
 
 	public boolean isInCache() {
 		return inCache;
 	}
 	
 	@Override
 	public String toString() {
 		return "[" + value.toString() + ", " + inCache + "]";
 	}
 }