Please show work for this problem.

Eric Wertz is considering the following alternatives for investing in Zee Industries which is now selling for $44 per share:

(1)	Buy 500 shares, and
(2)	Buy six month call options with an exercise price of 45 for $3.25 premium.

Assuming no commissions or taxes what is the annualized percentage gain if the stock reaches $50 in four months and a call was purchased?

a.	161.54% gain
b.	53.85% gain
c.	161.54% loss
d.	11.11% gain
e.	53.85% loss