Greenie has issued $1$ million shares of $$1$ nominal value for the acquisition of franchise rights at a local airport. Similar franchise rights are sold in cash transactions on a regular basis and Greenie has been offered a similar franchise right at another airport for $$2\mathrm{.}3$ million. This price is consistent with other prices given the market conditions. The share price of Greenie was $$2\mathrm{.}50$ at the date of the transaction. Greenie wishes to record the transaction at the nominal value of the shares issued.

What is the value of franchise right as per IFRS $2$ to be reported in the statement of financial position?

a$.$ $$2\mathrm{.}3m$

b$.$ $$3\mathrm{.}5m$

c$.$ $$3\mathrm{.}3m$

d$.$ $$1m$