Under its executive stock option plan, JudyCorp granted options on January 1, 2021, that permit executives to purchase 18 million of the company's $1 par common shares within the next eight years, but not before December 31, 2023 (the vesting date). The exercise price is $18 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures were anticipated; however, unexpected turnover during 2022 caused the forfeiture of 5% of the stock options. Ignoring taxes, what is the effect on earnings in 2022? (Round your answer to the nearest dollar amount.) Multiple Choice $22 million. $28 million. $26 million. $24.0 million