Assume an individual makes a lump sum investment at the beginning of year one of $20,581, the present value of which is $20,581. The investor's discount rate, for an alternative safe investment, is 6.75 percent after tax. The expected return on this investment (received at each year-end) is as follows. 

Year 1: 1,562

Year 2: 13,949

Year 3: 18,151

Year 4: 10,676

Year 5: 6,463

What is the net present value of the investment under consideration?

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