Penn Financial is offering a unique investment, which has two components. The first pays $3,000 per year forever, with the first payment occurring in two years. The second component pays $5,000 beginning in four years, after which time the annual payment of this component will decline by 3% per year forever. If the discount rate is 8%, what is the current value (to the nearest dollar) of this investment? Please WRITE out the work (all equations and all steps and work) so I can understand the approach to the question, thanks.