Your grandmother would like to thare some of her fortune with you. Sho offers to give you money undor dne of the following scenarios (you get to chocse) 1. $8,750 a year at the end of each of the next seven years 2. $48,750 (lump sum) now 3. $99,350 (lumip sum) sewen yoars from now Calculate the present value of each scenario using a 6 s interest rate. Which scenario yiolds the highost present value? Would your prefecence change if you used a 12% interest rabe? (Clok the icon to vienw the gresent yalue anncity factor table.) (Click the icon to viene the present value factar table.) (Cick the icon to viow the future valoe anruity factor table.) [Cick the icon to view the future vsive factor table.) Using a 6% interest rate, caloulate the present valued for each scenario. (Round the amounts to the nearest dollar.) Present value of Scenario 1 Present value of Scenario 2