Vour grandfathor would tike to thare some of hia fortune weth you. He offers to give you money under one of the following sceenarios iyou get to choose k 1. 5a,750 por yoar at the end of each of the next eight years 2. 550,250 (ump sum) now 3. 595, 500 (ump wut) elght years from now (Click the ion to vew Present Value of Ordinary Annuity of st tatie.) (Click the icen to view Present Value of \$1 table) Read the coquremens: Requirement 1. Calculote the gresert value of esch soenario using a 6% discount rate Which scenario yeids tho highest present value? (Roound the factons to three decimai places, . Xox. Rourd the present vatie to the nearest whole doltar.) sciptaris 1, 6it isscount tate, Present value = Soenario 2. 6\% docount tate. Pretent valse = fecenaino 3. 6% issoont rale. Pretent vale = appean to be the best option. Basnd on a bit interest rate, it present value is the Flequirement 2. Would your preference change it you toed a toty dscount rate? Sceriane 1, 10% ditosunt fate, Present value =