22. Brandon bought a June $100 Call on ITech six months ago at a price of $8.85 per share. This call option will expire in six months and will be exercised for sure on the expiration date. ITech stock is currently selling at $105 per share. Annual riskfree rate is 4%. What are ITech June $100 Call's intrinsic value and time value currently? A. $5 and $3.85 B. $3.85 and $5 C. $5 and $1.93 D. $5 and $1.96 E. None of the above 23. Highland Manufacturing's unlevered cost of capital is 25 percent, its expected earnings before interest and taxes is $68,500 and its tax rate is 40 percent. The company has debt with both a face value and a market value of $40,000. This debt has a coupon rate of 10 percent and pays interest annually. What is the weighted average cost of capital of this levered firm? A. 17.50% B. 20.79% C. 22.78% D. 23.67% E. No enough information to determine