is this correct?

Use the following information about Philip to answer both questions below. Philip is considering purchasing an investment. He expects that the investment will pay him $3,000 at the end of every year for 8 years. In addition, he expects to receive $30,641 at the end of the 8 years. Assuming Philip earns 8% on his other investments, what is the maximum amount that he should be willing to pay for the investment? Enter your answer as a positive number (round to the nearest dollar if necessary)