Pretend you are an executive with a company and you were given 3000 stock options at $40.00 a share on Feb 23rd 2021. You are thinking of cashing in these options today because the share price is $45.55 but you know the company well and rumour has it the stock will be at $55.00 a share by September of this year. First part of the question is would you cash in the stock option now or would you wait until September (explain why) and, the second part of the question is calculate the taxable portion if you did it now or if you waited and did it in September.