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Rick recently received 7 0 0 shares of restricted stock from his employer, crazy corporation, when the share price was $ 5 per share. Rick's

Rick recently received 700 shares of restricted stock from his employer, crazy corporation, when the share price was $5 per share. Rick's restricted shares vested 3 years later, when the market price was $12. Rick held the shares for a little more than a year after vesting and sold them when the market price was $15. Rick made 83(b) election. Rick's marginal Tax rate is 24% and his capital gain tax rate is 15%. A.) What is Ricks recognized gain upon the sale of the stock? Part B.) What is Rick's net cash flow inflow (outflow) upon the sale of the stock?

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