Your grandfather would like to share some of his fortune with you, He oflers to give you money under one of the following soenarios (vou pet to choose) 1. $7,550 a year at the ond of each of the next eight years 2. $49,650 (lump sum) now 3. $98,150 (lump sum) eight years from now Calculate the prosent value of each scenario using an 8% interest rate. Which scenario yelds the highest present vatue? Would your pratienca dharge if you ined a 12% interest rate? (Click the icon to view the present value annuily factor table.) (Cilick the icon to view the prosent vatue factar tabie) (Click the icon to view the future value annuity factor table.) (Click the icon to view the fulure value factor takie) Using an 8% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar) Present value of Scenario 1