Your grandiother would the to share some of bis fortupe with you the oflies lo give you nicney under one of the following scenarios trou get to engosel. 1. 57.550 per year at the end of each of the next seven years 2. 550250 fume sum) now 3. 590,350 (fump sutr) sevon years tom now (Click the icon to view. Present Wilue of St tatie.) (Cick the xon to viow Prosent Vive of Ondnayy Anmuty of 51 tabie) Road the iegiamimpints valie to the nearest whole doltar) Scenario 1, bh discount rate. Ptetant vidae * Reference Reference 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 whole dollar. 2. Would your preference change if you used a 12% discount rate