Your grandiather would like to share some of his fontune with you the offers to give you money under one of the followng scenanos (you get to choose) [Cleck the icon to vew the scenarion]) (Click the icon to view Present Value of $1 table) (Click the icon to new Present Value of Ordinary Amnity or \$1 table) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value Ordinary of Anenuty of $1 table) Read the requirements Requirement 1. Calculate the present value of each scenario using an 8\% discount rate. Which scenario yiclas the highest present value? Round to the nearest dollar Begin by calculating the present value of each scenaro using an aw dscount rate. (Round the anounts to the nearest dobar) Present value of Scenano 1= 1. $8,550 per year at the end of each of the next five years 2. $50,250 (lump sum) now 3. $98,150 (lump sum) five years from now Requirements 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? Round to the nearest dollar. 2. Would your preference change if you used a 12% discount rate