Question $11$

$1$ pts

Emma received $200$ NQOs $($each option provides a right to purchase $17$ shares of CAM stock for $$7$ per share$).$ On $8/15/$Y$5$ CAM's stock price is $$21$ per share, Emma exercised all of her options. After acquiring the CAM shares with her stock options, she held the shares for over one year and sold on $10/1/$Y$6$ them at $$38$ per share. Emma's ordinary marginal rate is $32$ percent and her long$-$term capital gains rate is $15$ percent?

What is CAM's tax deduction related to the stock options?