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Required information Problem 12-31 (LO 12-2) (Static) [The following information applies to the questions displayed...

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Required information Problem 12-31 (LO 12-2) (Static) [The following information applies to the questions displayed below] Antonio recelved 40 ISOs (each option gives him the right to purchase 20 shares of Zorro stock for $3 per share) at the time he started working for Zorro Corporation six years ago. Zorro's stock price was $3 per share at the time. Now that Zorro's stock price is $50 per share, Antonio intends to exercise all of his options and immediately sell all the shares he receives from the options exercise. Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable. Problem 12-31 Part d (Static) d. What are the cash flow effects to Zorro resulting from Antonio's option exercise

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