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Antonio recelved 4 0 ISOs ( each option gives him the right to purchase 2 0 shares of Zorro stock for $ 3 per share

Antonio recelved 40 ISOs (each option gives him the right to purchase 20 shares of Zorro stock for $3 per
share) at the time he started working for Zorro Corporation six years ago. Zorro's stock price was $3 per
share at the time. Now that Zorro's stock price is $50 per share, Antonio intends to exercise all of his
options and Immediately sell all the shares he recelves from the options exercise.
Note: Enter all amounts as positlve values. Leave no answers blank. Enter zero If applicable.
Required:
d. What are the cash flow effects to Zorro resulting from Antonio's option exercise?
Complete this question by entering your answers in the tabs below.
What are the cash flow effects to Zorro resulting from Antonio's option exercise?
(NOTE: 9024,5640,37600,0,9400,7000,30000,40000 ARE NOT CORRECT ANSWERS)
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