our grandfather would like to share some of his fortune with you. He offers to give you money under one of the ollowing scenarios (vou get to choose): More info Present Value of Ordinary 1. $8,550 per year at the end of each of the next seven years Future Value Ordinary of 2. $40,040 (lump sum) now 3. $99,850 (lump sum) seven years from now Requirements yields th 1. Calculate the present value of each scenario using an 8% discount rate. to the Which scenario yields the highest present value? Round to the nearest dollar. 2. Would your preference change if you used a 12% discount rate