Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the fofowing scenarios (you get in choose) 1. 58,250 por year at the ond of each of the next eight yoars 2. 550,050 (lump sum) now 3. 599,850 (lump aum) eight years from now \# (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annulty of $1 tatile.) Read the requirements Scenario 1,5% discount rate. Present value = years from cisent Val Present Value of Ordinary Annuity of 51 If each scenario using a 6% discount rate. Which scenario yields the highest present value? (Round the factors to three decimal places, X XoCX. Rou Requirements 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. 2. Would your preference change if you used a 10% discount rate