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. $8,550 per year at the end of each of the next six years 2. $47,050 (lump sum) now 3. $99,350 (lump sum) six years from now (Click the icon to view the Present Value of $1 table.) Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of Annuity of $1 table.) Requirements 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? 2. Would your preference change if you used a 12% discount rate? Requirement 2. Would your preference change if you used a 12% discount rate? Begin by calculating the present value of each scenario using a 12% discount rate. (Round the amounts to the nearest dollar.) Present Value Scenario 1: Scenario 2: Scenario 3: Using a 12% discount rate would not change the preference in this problem. Enter any number in the edit fields and then continue to the next