You are in talks to start working at a small biotech firm. The pay package they are offering consists of a low-six-figure annual salary plus 10,000 5-year warrants with a strike price of $30 on the firm's stock. The stock is currently trading at $12.55 per share, has a volatility of 33%, and the risk free rate is 4.4%. What is the present value of the warrants? a)$12,753 b)$65,044 c)$344,078 d)$22,105