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): Use the Present Value of $1 or the Present Value of Ordinary Annuity of $1 tables from above. Round final present value to the nearest whole number. When calculating the present values, be sure to use the full present value factor or annuity factor to 2 decimal places in your calculations. Note that the answer key will show the values rounded to 2 decimal places due to display limitations. A. Calculate the present value of each scenario using an 4% discount rate and rank your choices. 1) $8,060 per year at the end of each of the next 4 year(s). 2) $44,000 (lump sum) now. 3) $86,700 (lump sum) 4 year(s) from now. B. Calculate the present value of each scenario using an 7% discount rate and rank your choices. 1) $8,060 per year at the end of each of the next 4 year(s). 2) $44,000 (lump sum) now. 3) $86,700 (lump sum) 4 year(s) from now. 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): Use the Present Value of $1 or the Present Value of Ordinary Annuity of $1 tables from above. Round final present value to the nearest whole number. When calculating the present values, be sure to use the full present value factor or annuity factor to 2 decimal places in your calculations. Note that the answer key will show the values rounded to 2 decimal places due to display limitations. A. Calculate the present value of each scenario using an 4% discount rate and rank your choices. 1) $8,060 per year at the end of each of the next 4 year(s). 2) $44,000 (lump sum) now. 3) $86,700 (lump sum) 4 year(s) from now. B. Calculate the present value of each scenario using an 7% discount rate and rank your choices. 1) $8,060 per year at the end of each of the next 4 year(s). 2) $44,000 (lump sum) now. 3) $86,700 (lump sum) 4 year(s) from now