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. $8,550 a year at the end of each of the next elight years 2. $50,250 (kump sum) now 3. $100,250 (fump sum) eight years from now Calculate the present value of each scenario using a 6% interest rote. Which scenario ylilds the highest present value? Would your preference change if you used a 12% inderest rate? (Click the ioon to view the present value annuily factor table.) (Click the icon to view the present value factor table.) (Click the icon to view the future value annuly fdector table.) (Click the icon to viow the future value factor table.) Using a 6% interest rate, caiculate the present values for each scenario, (Round the amounts to the nearest dollac.) Present value of Scenario 1 Present Value of Annuity of $1 Present Value of $1 Future Value of Annuity of $1 Future Value of $1