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Apple is planning to incorporate new software for the price of $500000 today in order to produce a new line of the iPod. The new

Apple is planning to incorporate new software for the price of $500000 today in order to produce a new line of the iPod. The new iPod will be ready for sale in 1 year. If the new software will generate incremental sales of 10000 units for $80 per unit, what is the NPV of the project? Use a required rate of return 9.00%, and assume that this new line is produced for one period only.

$___________________

Place your answer to the nearest dollar without any commas.

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