1 A) Suzanne received 34 ISOs (each option gives her the right to purchase 34 shares of stock for $19 per share) at the time she started working, when the stock price was $22.75 per share. Three years later, when the share price was $32.80 per share, she considered whether to exercise all of her options. How much cash would Suzanne need on the exercise date of the stock options to exercise them all?

B)Same facts as above. If Suzanne decides to wait and holds the shares for two additional years and sells them when the market price is $34, how much gain will Suzanne recognize on the sale?

C) Same facts as above. How much tax will Suzanne pay, assuming her marginal tax rate is 37 percent?