It's not really something you need to calculate, as I mentioned before protection is only it's secondary purpose - you generally simply choose a suitable low value - for a higher power amp 0.22 ohms is common, and for a lower one (like this) 0.47 ohms would be reasonable. R3 is there to 'pre-load' the protection transistor, so it triggers before 0.7V across the emitter resistor.
However, I'm still confused by the voltages - where (and why) does the 8V come from? - it shouldn't ever be that.