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 choose): 1. $7,750 per year at the end of each of the next seven years 2. $48,350 (lump sum) now 3. $100,050 (lump sum) seven years from now (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? (Round the factors to three decimal places, XXXX. Round the present value to the nearest whole dollar.) Present Value Scenario 1: Scenario 2: i Requirements - X Scenario 3: Scenario 1, 2, or 3 (multiple choice options) appears to be the best option. Based on a 6% interest rate, its present value is the V. Highest or lowest 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. Requirement 2. Would your preference change if you used a 12% discount rate? 2. Would your preference change if you used a 12% discount rate? Compute the present value of each scenario using a 12% discount rate. (Round the factors to three decimal places, X.XXX. Round the present value to the nearest whole dollar.) Present Value Print Done Scenario 1: Scenario 2: Scenario 3: appears to be the best option. Based on a 12% interest rate, its present value is the V. Highest or lowest