This is a two-part question, each part worth 5 points. First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $78. The project's cash flows that come in at the end of each year are $24 for 6 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 12%? Answer #1: $ Place your answer in dollars and cents without the use of a dollar sign or comma. If applicable, a negative answer should have a "minus" sign in front of the number. Work your analysis out to at least 4 decimal places of accuracy. Second Part Based upon the NPV decision rule, should the company accept or reject the project? Answer #2: (Accept or Reject) Place your aswer as the word "accept" or the word "reject". Apple is planning to incorporate new software for the price of $400000 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 $120 per unit, what is the NPV of the project? Use a required rate of return 6.00%, and assume that this new line is produced for one period only. $ Place your answer to the nearest dollar without any commas