Five years ago, Ryley and her husband each invested $$10,000$ into NewApp Ltd$,$ a CCPC $($Canadian Controlled Private Corporation$).$ All operations are in Canada. Neither of them previously owned a company or a farm. At least $90\%$ of the fair$-$market value of the assets are actively used in operations, and Ryley and her husband each own $100$ of the $200$ shares issued by NewApp. Raina R$.$ is a chartered business valuator $($CBV$)$ and has suggested the company is worth $$1\mathrm{.}6$ million. Both are tiring of the long hours required to keep the company going so they have decided to divest and retire early in life. To minimize their personal tax expenses, they best option most likely would be:

Select one:

a$.$ Sell the assets $($e$.$g$.$ Equipment, building, etc.$)$ of NewApp separately over a period of time

b$.$ Sell their shares which will allow them to access the LCGE $($life$-$time capital gains exemption$)$ up to $$500,000$ each

c$.$ Sell their shares which will allow them both to access the LCGE $($life$-$time capital gains exemption$)$ and avoid paying any capital gains taxes

d$.$ Sell their shares which will allow only one of the spouses to access the LCGE $($life$-$time capital gains exemption$)$