5. On June 15, 2022, Karen is granted 5,000 Incentive Stock Options (ISOs) at an exercise price of $15. The market price of the stock at the time the options are granted is $15. On September 30, 2023, she exercises the options when the price of the stock is $29. On December 28, 2025, she sells the stock for $53 per share. *Note: For the calculations below, you will not need to calculate the actual tax owed (as I have not given you Karens marginal tax bracket or overall income). Rather you are just calculating the amount that would be included in income and what type (regular income, short term capital gain, long term capital gain, or AMT). a. What are the tax consequences at grant? (5 points) b. What are the tax consequences at exercise (regular and/or AMT)? (Show your calculations.) (5 points) c. What are the tax consequences at the time of the sale of the stock (regular and/or AMT)? (Show your calculations.) (5 points)