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. $7,250 a year at the end of each of the next eight years 2. $50,250 (lump sum) now 3. $100,050 (lump sum) eight years from now Calculate the present value of each scenario using a 6% interest rate. Which scenario yields the highest present value? Would your preference change if you used a 12% interest rate? (Cick the icon to view the present value annulty factor table.) (Click the icon to viow the present value factor table.) (Click the icon to view the future value annuity factor table.) (Click the icon to viow the future value factor table.) Using a 6% interest rate, caiculate the present valies for each scenario. (Round the amounts lo the nearest dollar.) Present value of Scenisrio 1 Present Value of Annuity of $1 Future Value of Annuity of $1 Present Value of $1 Future Value of $1