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Mendariz received 12 NQOS (each option gives her the right to purchase 12 shares of stock for $7 per share) at the time Mendariz

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Mendariz received 12 NQOS (each option gives her the right to purchase 12 shares of stock for $7 per share) at the time Mendariz started working when the stock price was $8 per share. When the share price was $17 per share, Mendariz exercised all of the options. Eighteen months later, Mendariz sold all of the shares for $22 per share. What is the amount of the bargain element? Multiple Choice $0 $1,440 $1,296 $2,448

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