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Dr. Gregory House is considering buying a new, faster motorcycle that will enable him to make more house calls in a day. Dr. House estimates

Dr. Gregory House is considering buying a new, faster motorcycle that will enable him to make more house calls in a day. Dr. House estimates that the extra visits will allow him to bill an extra $12,000 per year for the next 7 years. If the motorcycle costs $36,000 and Dr. House's required rate of return is 10%, what is the NPV of the motorcycle investment? $84,000$22,421$48,283$58,421$48,000

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