Kiley received 200 Incentive Stock Options (ISOs), each option gives her the right to purchase a share of stock for $24 per share. Three years later, when the share price was $46 per share, she exercised all of her options. Assume Kiley holds the shares for two additional years and sells them when the market price is $120. How much tax will Kiley pay when she sells the shares, assuming her marginal tax rate is 37 percent and her preferential tax rate is 20 percent?