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Employee Stock Options ( Questions eight through 1 2 ) Please refer to the excerpts about Netflix's stock option plan that are taken from Netflix's

Employee Stock Options (Questions eight through 12)
Please refer to the excerpts about Netflix's stock option plan that are taken from Netflix's 10-
K for the fiscal year that ended on December 31,2020. Note that, for your convenience, the
table shown in this excerpt is also provided in the Excel workbook. It is in the worksheet
named Netflix ESOs.
When answering questions eight through 12, please show your supporting calculations in
the worksheet named Netflix ESOs. Please make the following assumptions:
The weighted average fair value of an option outstanding on December 31,2019 was
$222.46.
All the options that were exercised during the fiscal year that ended on December 31,
2020 were about to expire. That is, employees waited until the very last moment, and
then they exercised their options.
The weighted average fair value of an option granted by Netflix to an employee during
2020 was $217.42.
The weighted average fair value of an option outstanding on December 31,2
What was Netflixs pro forma (i.e., unrecognized) employee stock option (i.e., ESO) obligation on December 31,2019? Your answer should be in millions of dollars.
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