Your boss has asked you what amount she must invest today at 8% interest so that she will have $350,000 available to pay off a lump-sum debt that comes due in 32 years. In other words, what is the present value of $350,000 that must be paid in 32 years assuming an 8% rate? Unfortunately, you only have your accounting textbook available to help you and you find that Table 3 (inside the back cover) only goes up through 25 periods. How can you solve this problem using only Table 3? What is the present value?