An investment has a cost of $40,000 with net cash flows of $15,000 each year for 4 years. The company has a required rate of return of 8%. If the first four periods discount factors, based on 8%, from a present value of 1 table are 0.9259, 0.8573, 0.7938, and 0.7350, what is the net present value of the investment?