Information for question no. 8: The following is a summary of the stock option activity at Netflix during 2011 Options Outstanding Shares Available Number of Weighted Average for Grant Shares Exercise Price Balances as of December 31, 2010 2,038,502 2,892,130 36.11 Authorized 5,700,000 Granted (724,994) 724,994 154.09 Exercised (659,370) 29.11 Balances as of December 31, 2011 7,013,508 2,957,754 66.59 14 pts Question 6 a. How many options did NetFlix grant to employees during the year? At what price ray Netflix employees buy shares in the future for options granted during 20117 b. How many options did employees exercise during the year? c. When employees exercised their options during 2011, how much cash did Netflix receive? d. Assume that Netflix granted options at the money during 2011 ie, exercise price - current market price, which is $154.09). What is the intrinsic value of each option exercised in 2011? How much profit in total did employees make by exercising opition? e. If the fair value of the options exercised in 2011 has already been accounted for as compensation expense in financial statements over the require vesting period (or required service period) for $78,560,000, what is the excess tax benefit realized by the company in 2011 on account of option exercised (given the tax rate of 40% all along)