Hazel received 21 NQOs (each option gives her the right to purchase 11 shares of stock for $8 per share) at the time she started working when the stock price was $15 per share. Now that the share price is $20 per share, she exercises all of her options. If Hazel holds the shares for two years and sells them when the market price is $25, how much gain will Hazel recognize on the sale and how much tax will she pay assuming her marginal tax rate is 25 percent?