An investment will pay $20,800 at the end of the first year, $30,800 at the end of the second year, and $50,800 at the end of the third year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the present value of this investment using a 8 percent annual interest rate. Note: Round your intermediate calculations and final answer to nearest whole dollar. Present value of investment