Submit correct and complete solutions.Please provide Explanation.Provide step-by-step detailed explanations. Cammie received 100 NQOS (each option provides a right to purchase 10 shares of MNL stock for $10 per share). She started working for MNL Corporation four years ago (5/1/Y1) when MNL's stock price was$8 per share. Now (8/15/Y5) that MNL's stock price is $40 per share, she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her stock options, she held the shares for over oneyear and sold (on 10/1/Y6) them at $60 per share. (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) Problem 12-27 Part a (Static)a. What are Cammie's taxes due on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6), assuming her ordinary marginal rate is 32 percent and her long-term capital gains rate is 15percent?AmountTax on grant dateTax on exercise dateTax on sale dateb. What are MNL Corporation's tax savings on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6)?AmountTax on grant dateTax on exercise dateTax on sale date

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a. What are Cammie's taxes due on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/96), assuming her ordinary marginal rate is 32 percent and her long-term capital gains rate is 15 percent? Tax on grant date Tax on exercise date Tax on sale date b. What are MNL Corporation's tax savings on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6)? Amount Tax on grant date Tax on exercise date Amount Tax on sale date