Ramesh Fruits, a small fruit selling business, delivers fruits to market. The com-pany is planning to invest in a bike which will cost INR 50,000. They currently uses public transportation (auto) which costs them INR 40 per day (applicable for the first monthly payment). They deliver fruits to Market 20 days a month and need to travel 20 kilometres on each delivery. The new bike travels 80 kms for every litre of petrol and petrol is priced at INR 100/litre now. They pay the auto on a monthly basis at the start of every month. If purchased, the bike will also be filled with petrol at the start of the month. Both the charges for auto and petrol prices increase with inflation which is 0.5% per month. The bike can be depreciated at a straight-line basis to zero value in five years. The bike how-ever can be used to deliver fruits to market forever. Ramesh Fruits pays a tax of 30%. If the company can borrow money for this bike at 12% per annum (0.95% per month), what is the NPV of purchasing the bike for Ramesh Fruits?