A shareholder who owns $77$ shares just received $77$ stock options to participate in share capital increase with terms $1$ new for every $10$ old shares at $12$ per share. The shareholder wishes to buy $8$ new shares. The company has $180000$ shares and wishes to get $1200000$ from capital increase, while the current stock price is $19.$ There are no commissions. Calculate the amount the shareholder should pay to buy $8$ stocks.what is the price of the option?