On January 1, Year 1, Fields Corporation granted 400,000 stock options to certain executives. The options are exercisable no sooner that December 31, Year 3 and expire on January 1, Year 7. Each option can be exercised to acquire one share of $10 par common stock for $15. An appropriate option - pricing model estimates the fair value of each option to be $14 on the date of grant What amount should Fields recognize as compensation expense for Year 1? O A. $0 B. $5,600,000 C. $600,000 D. $1,866,667