Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose): 1. $7,750 a year at the end of each of the next eight years 2. $50,050 (lump sum) now 3. $99,350 (lump 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% interest rate? Present Value Annuity Factor Table: Future Value Annuity Factor Table: Present Value Factor Table: Future Value Factor Table: Part 1: Word Bank for Fill in the Blank: (Scenario 1, Scenario 2, Scenario 3) appears to be... its present value is the (highest, lowest) Part 2: Word Bank for Fill in the Blank: (Scenario 1, Scenario 2, Scenario 3) appears to be... its present value is the (highest, lowest) Please label which part of the question you are answering so that I may follow along, and please refrain from partially answering the question. Thank you!