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. $8,000 per year at the end of each of the next seven years 2. $48,350 (lump sum) now 3. $99,850 (lump sum) seven years from now (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? (Round the factors to thr decimal places, XXXX. Round the present value to the nearest whole dollar.) Scenario 1, 6% discount rate. Present value = Requirements 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. 2. Would your preference change if you used a 12% discount rate? Present Value of $1 Drenent Malua of Rrdinary Annuity of \$1 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. $8,000 per year at the end of each of the next seven years 2. $48,350 (lump sum) now 3. $99,850 (lump sum) seven years from now (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? (Round the factors to thr decimal places, XXXX. Round the present value to the nearest whole dollar.) Scenario 1, 6% discount rate. Present value = Requirements 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. 2. Would your preference change if you used a 12% discount rate? Present Value of $1 Drenent Malua of Rrdinary Annuity of \$1