business Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to chooso) 1. $7,550 a year at the end of each of the next eight years 2. $48,750 (lump sum) now 3. $99,350 (lump sum) eight years from now Calculate the prosent value of each scenario using an 8% interest rate. Which scenario yiuilds the highest present value? Would your preference change if you used a (Click the icon to view the present value annuity factor table.) (Click the icon to view the present value factor table) (Click the icon to view the future value annuity factor table) Click the icon to view the future value factor table) 10% Interest rate? CCOUNT Using an 8% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar) Present value of Scenario 1 $ 43,390 Present value of Scenario 2 48,750 Present value of Scenario 3 aster som