Maese Industries Inc. has warrants outstanding that permit the holders to purchase $1$ share of stock per warrant at a price of $$26.$ The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.

Open spreadsheet

a$.$ Calculate the exercise value of the firm's warrants if the common sells at each of the following prices: $(1)$ $$20,(2)$ $$25,(3)$ $$30,(4)$ $$100.($Hint: A warrant's exercise value is the difference between the stock price and the purchase price specified by the warrant if the warrant were to be exercised.$)$ Do not round intermediate calculations. Round your answers to the nearest dollar.

$\backslash$table$[[(1),$$$20,$$