On 1 July 2021 Stephano Ltd grants 100 options to each of its 70 employees conditional on the employee remaining in service over the next three years. The fair value of each option at the grant date is estimated to be $11. Stephano also estimates that 12 employees will leave over the three year vesting period.

By 30 June 2022 4 employees have left and the entity estimates that a further 10 employees will leave over the next two years.

On 1 July 2022 Stephano decided to reprice its share options, due to a fall in its share price over the last 12 months. At the date of repricing, Stephano estimates that the fair value of each original option is $3 and the fair value of each repriced option is $9.

During the year ended 30 June 2023 a further 5 employees left and Stephano estimates that another 3 employees will leave during the next year.

During the year ended 30 June 2024 only 5 employees left. The share options vested on 30 June 2024.

The yearly incremental remuneration expense for the year ended 30 June 2023 is:

a.

59933

b.

39400

c.

22000

d.

28767

e.

45200