11. Under its executive stock option plan, R Corporation granted options on January 1, 2018, that permit executive to purchase 15 million of the companys $1 par common shares within the nest eight years, but not before December 31, 2020(the vesting date). The exercise price is the market price of the shares on the date of grant, $18 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures were anticipated; however, unexpected turnover during 2019 caused the forfeiture of 5% of the stock options. Ignoring taxes, whats the effect on earrings in 2020?

a. $19 million b. $20 million c. 18.5 million d. $18 million