Your grandtather would Ike to shate some of his fortune with you. He offers to give you money under cone of the following scenarlos (you get to choose): 1. \$8,000 per year at the end of each of the next seven years 2. $50,050 (lump sum) now 3. $99,850 (lump sum) seven years from now (Click the icen to view Pretient Value of \$1 tablo) (Click the icen to view Present Vabse of Ordinary Anrnity of 51 table.) Read the requirements. Requirement 1. Calcilate the present value of each scenario using an 8% dscourt rate. Which scenarie yields the highest present value? ifiound the factors to three deoinal places, Xx the presert value to the nearest whele doflac) appears to be the best eption. Bated on an B\% interest rale, its present value is the 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