You are an executive with a company and you were given 5000 stock options at $40.00 a share exercisable/cashable on Oct 18^th 2023. You are thinking of cashing in these options today because the share price is $42.00 but you do know the company well and rumour has it the stock will be at $45.00 a share by Jan. 5^th 2024. First part of the question, would you cash in the stock option now or would you wait (explain why) and the second part of the question, calculate the tax implications if you decided to sell it today.

PLEASE ANSWER ASAP AND I WILL GIVE THUMBS UP THANK YOU