'our grandfather would like to share some of his fortune with you. He offers to give you money under one of the ollowing scenarios (you get to choose): More info Present Value of Ordinary Future Value Ordinary of 1. $8,000 per year at the end of each of the next six years 2. $47,950 (lump sum) now 3. $99,350 (lump sum) six years from now Requirements yields the 1. Calculate the present value of each scenario using a 6% discount rate. Which to the neare scenario yields the highest present value? Round to the nearest dollar. 2. Would your preference change if you used a 10% discount rate