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): (Click the icon to view the scenarios.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value Ordinary of Annuity of $1 table.) Read the requirements. Requirement 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? Round to the nearest dollar. Begin by calculating the present value of each scenario using an 8% discount rate. (Round the amounts to the nearest dollar.) Present value of Scenario 1= More info 1. $7,250 per year at the end of each of the next seven years 2. $47,950 (lump sum) now 3. $99,350 (lump sum) seven years from now