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. $8.250 per year at the end of each of the next seven years 2. $50,250 (lump sum) now 3. $99,350 (lump sum) seven years from now (Click the icon to view Present Value 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 a 8% discount rate. Which scenario yields the highest present value? (Round the factors to three decimal places, X.XXX. Round the present value to the nearest whole dollar.) Present Value Scenario 1: Scenario 2 Scenario 3: Mappears to be the best option. Based on a 8% interest rate its present value is the V Requirement 2. Would your preference change if you used a 12% discount rate? Compute the present value of each scenario using a 12% discount rate. (Round the factors to three decimal places, XXXX. Round the present value to the nearest whole dollar.) Present Value Scenario 1: Scenario 2 Scenario 3 V appears to be the best option. Based on a 12% interest rate its present value is the Enter any number in the edit fields and then continue to the next