4 points Save Answer a Jill Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, Jill granted options to key officers on January 1, 2022. The options permit holders to acquire 24 million of the company's $1 par common shares for $30 within the next six years, but not before January 1, 2025 (the vesting date). The market price of the shares on the date of grant is $30 per share. The market price of the shares on January 1, 2025 is $50 per share. The fair value of the 24 million options, estimated by an appropriate option pricing model, is $9 per option. Assume all of the options are exercised on May 11, 2026, the amount to record into Paid-in Capital---Excess of Par would be: O $810 million. $912 million. $700 million. O $720 million