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 per year at the end of each of the next seven years 2. $48,350 (lump sum) now 3. $98,150 (lump sum) seven years from now (Click the icon to view Present Value of $1 table.) Read the requirements (Click the icon to view Present Value of Ordinary Annuity of $1 table) www Requirement 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? (Round the factors to three decimal places, XXX Round Scenario 1, 8% discount rate, Present value=