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 eight years 2. $48,750 (lump sum) now 3. $99,350 (lump sum) eight years from now Requirement 1. Calculate the present value of each scenario using a 6% 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.) Scenario 1,6% discount rate, Present value = Scenario 2,6% discount rate, Present value = Scenario 3,6% discount rate, Present value = appears to be the best option. Based on a 6% interest rate, its present value is the Requirement 2. Would your preference change if you used a 10% discount rate? Compute the present value of each scenario using a 10% discount rate. (Round the factors to three decimal places, X.XXX. Round the present value to the nearest whole dollar.) Scenario 1, 10\% discount rate, Present value = Scenario 2, 10\% discount rate, Present value = Scenario 3,10% discount rate, Present value = appears to be the best option. Based on a 10% interest rate, its present value is the