CBA Incorporated has 240,000 shares outstanding with a $10.5 par value. The shares were issued for $20.5. The stock is currently selling for $32.5. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 11.50%. What will be the "capital in excess of par account" after the stock dividend?

A) $2,400,000

B) $2,190,200

c) $3,007,200

D) $8,007,200