Mark received 10 ISOs at the time he started working for Hendricks Corporation five years ago when Hendrickss price was $4 per share (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $8 per share). Now that Hendrickss share price is $35 per share, he intends to exercise all options and hold all of his shares for more than year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. What are Marks tax consequences on the date he sells the shares assuming his ordinary marginal rate is 30 percent and his long-term capital gains rate is 15 percent? (Ignore AMT consequences)