Exercise 22 Compute the Economic Voice Added {EVA} on the assumption that the weightedaverage aftertax cost of capital is 10%, Equity at 500 5hare5 @P25 and outstanding Notes Payabie of P5,000. Income tax expense is 30%. "1'3 2 TR 1 NET OPERATING INGD ME 4,425.00 1,304.00 Add {Less} : Other income 500.00 300.00 lnterect Expen5e5 1,000.00 - 1,000.00 Net Income before Income Tax 4,225.00 1,255.00 Le55: Income Tax Expense 1,252.50 529.50 Net Income for the period 2,958.20 1,235.20 Exercise No. Hod 5-2 Assume a stock is selling for P4350 with options available at 40+ 5i}. and El} strike prices. The St} call option price is at P235. a. What is the intrinsic: value of the 50 call? b. Is the 50 call in the money? o. What is the speculative premium on the 5D sell option? cl. What percentage of common stock price does the speculative premium represent? e. Are the 4D and 6D call options in the money? Exercise No. Hod 5-3 Assume a 4G Julv put option is purchased for 5.5".) on a stock selling at P35 per share. If the steel; ends up on expiration at 31335+ 1what will be the value of the put option? Exercise He. Had 5-4 Assume you sell 111) shares of Lewis Corporation short at PH. You also buy:r a '} call option for P525 to protect against the stock price going up. a. if the stool: ends up at P90. what will be your overall gain or loss? In. if the stool: ends up at PSI}, what will be your overall gain or loss