change the option premium to $7.65. please provide explanation.

7. You have taken a long position in a call option on IBM common stock. The option has an exercise price of \$176 and IBM's stock currently trades at $180. The option premium is $5 per contract. (LG 10-4 (G)) a. How much of the option premium is due to intrinsic value versus time value? b. What is your net profit on the option if IBM's stock price increases to $190 at expiration of the option and you exercise the option? c. What is your net profit if IBM's stock price decreases to $170