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. $8.250 a year at the end of each of the next seven years 2 $48,750 (lump sum) now 3. $99,850 (ump sum) seven 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 future value annuity factor table) Cack the icon to view the present value factor table.) (Click the icon to view the future value factor table) Using a 0% interest rate, calculate the present values for each scenario. (Round the amounts to the neare dollar.) Present value of Scenario 1 46052 Present value of Scenario 2 45750 Present value of Scenario 3 99 Which scenario yields the highest present value? Scenario 3 appears to be the best option. Based on a 6% interest rate, its present value is the highest Using a 12% interest rate, calculate the present values for each scenario (Round the amounts to the nearest dollar.) Present value of Scenario 11 Present value of Scenario 2 Present value of Scenario 3 appears to be the best option Based on a 12% interest rate, its present value is the