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Haven received 200 NGOs (each option gives him the right to purchase 20 shares of Barlow Corporation stock for $7 per share) at the time

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Haven received 200 NGOs (each option gives him the right to purchase 20 shares of Barlow Corporation stock for $7 per share) at the time he started working for Barlow Corporation three years ago when its stock price was $7 per share. Now that Barlow's share price is $50 per share, he intends to exercise all of his options. After acquinng the 4,000 Barlow shares with his stock options, he intends to hold the shares for more than one year and then sell the shares when the price reaches $75 per share (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) a. What are Haven's taxes due on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? Answer is complete but not entirely correct. Date Tax due on grant date Tax due in year of exercise Tax due in year of sale Amount S 0 $ 51,600 S OX Haven received 200 NGOs (each option gives him the right to purchase 20 shares of Barlow Corporation stock for $7 per shore) at the time he started working for Barlow Corporation three years ago when its stock price was $7 per share. Now that Barlow's share price is $50 per share, he intends to exercise all of his options. After acquiring the 4,000 Barlow shares with his stock options, he intends to hold the shares for more than one year and then sell the shares when the price reaches $75 per share. (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) b. What are the cash flow effects for Barlow Corporation resulting from Haven's option exercise? How would it change ir Barlow's marginal rote were 0 percent? Amount Date Tax benefit on grant date Tax benefit in year of exercise Tax benefit in year of swe Tax benefit when tax rate is 0%

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