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. $7.250 a year at the end of each of the next eight years 2. $49,950 (ump sum) now 3. $99,350 (ump sum) eight years from now Calculate the present value of each scenario using a 6% interest rate. Which scenario yields the highest present value? Would your preference change if you used a 12% interest rate? (Click the icon to view the present value annuity factor table.) (Click the icon to view the present value factor table.) (Click the icon to view the future value annuity factor table.) (Click the icon to view the future value factor table.) Using a 6% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar) Present value Scenario 1 Scenario 2 Scenario 3 Which scenario yields the highest present value? Enter any number in the edit fields and then continue to the next question. Which scenano yields the highest present value? appears to be the best option. Based on a 6% interest rate, its present value is the Using a 12% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar.) Present value Scenario 1 Scenario 2 Scenario 3 Enter any number in the edit fields and then continue to the next question. ks & appears to be the best option. Based on a 12% interest rate, its present value is the Enter any number in the edit fields and then continue to the next