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1. $8,750 a year at the end of each of the next eight years 2. $49,950 (lump sum) now 3. 598,150 (lump sum) eight years from now Coboulate the present value of each scenario using an ats interest rate. Which scenario ylelds the highest present value? Would your prelerence change it you used a fos interest rate? (Cick the icon to view the present value annuty factor thble) (Click the icon to vitw the prosent valuo factor tabie.) (Clok the icon to view the future value annuity factor tatio.) (Click the icon to viow the future value factor table) Using an 8% interest rate, calculate the present values for each scenario. (Rcund the amounta to the nearest dollar.) Present value of Bcenano 1