Cullumber Corporation had 792000 shares of common stock outstanding at December 31, 2025. In addition, it had 154000 stock options outstanding which gave executives the right to purchase shares of Cullumber's stock at an option price of $37 per share. The average market price of Cullumber's common stock for 2025 was $50. What number of shares should be used in computing diluted earnings per share for the year ended December 31, 2025?

a) 846108 b) 832040 c) 792000 d) 905960