Assume an individual makes a lump sum investment at the beginning of year one of $18,948, the present value of which is $18,948. The investors discount rate, for an alternative safe investment, is 14.46 percent after tax. The expected return on this investment (received at each year-end) is as follows. Year 1: 1,418 Year 2: 19,226 Year 3: 16,120 Year 4: 11,408 Year 5: 5,532 What is the net present value of the investment under consideration?