Use PEMDAS to simplify: 72÷12+26−8⋅3.

First, we need to perform the multiplication: 72 ÷ 12 + 26 − 8 × 3

Next, we perform the division: 6 + 26 − 8 × 3

Then, we perform the multiplication: 6 + 26 − 24

Next, we perform the addition: 32 - 24

Finally, we perform the subtraction: 8

The simplified expression is: 8