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MANGO Inc. granted executive stock options on January 1, 2020, that permit executives to purchase 30 million of the company's $1 par common shares within

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MANGO Inc. granted executive stock options on January 1, 2020, that permit executives to purchase 30 million of the company's $1 par common shares within the next 8 years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, which is $13 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Half of the options are exercised on April 15, 2024, when the market price is $22.50 per share, By what amount will MANGO Inc.'s Paid-in Capital- Excess of Par be increased by this exercise

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