Your grandfather would like to share some of his fortune with you. Ho offers to give you money under one of the following scenarios (you get to choose) 1. S7,400 per year at the end of each of the next seven years 2. $50,050 (lump sum) now 3. 598 150 (lump sum) seven years from now (Click the icon to view Present Valuse 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 an 8% discount rate Which scenario yields the highest prosent value? (Round the factors to three decimal places, XXXX Round the present value to the nearest whole dollar) Scenario 1,8% discount rate, Present value