A firm issued bonds that will pay $16,700 coupons at the end of each year for eight years and a one-time principal repayment of $167,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value (i.e., the price) of the bonds using a 6% annual effective interest rate. (Round your answer to the nearest whole dollar.) Present value of investment