Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to choose):

Your grandfather would like to share some of his fortune with you.

He offers to give you money under one of the following scenarios (you get to choose):
Scenario #1: $8,750 per year at the end of each of the next seven years
Scenario #2: $50,050 (lump sum) now
Scenario #3: $100,250 (lump sum) seven years from now
Requirement

-Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to nearest whole dollar.
-Would your preference change if you used a 12% discount rate?
-must show all your computations  to receive credit for your answer

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