Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios fou get to choose) 1. $7,750 a year at the end of each of the next eight yoars 2. $50.050 (ump sum) now 3. $100,250 (ump 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% irterest rate? (Click the icon to view the present value anmuty factor table.) (Cick the icon to viow the present value factor table.) (Cick the icon to view the future value annuity facter table.) (Cick the icon to view the future value factor table) Using a 6% interost rato, calculate the present values for each scenario. (Round the amounts to the nearest dolar.) Present value of Sconario 1