the installation of a compressor is estimated to generate the following net cash flows. the effective date of the evaluation is May 1, 2014. The projections shown are based on a calendar year:

Year: Net Cash Flow

1 (8 months) $ 8,000

2 $6,000

3 $5,000

4. $2,000

Using mid-period discounting, find the present net worth of the net cash flows as of May 1, 2014 at 18% compounded annually. Assume all cash flows (in or out) occurr at the middle of the period.