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Under its executive stock option plan, National Corporation granted 1 8 million options on January 1 , 2 0 2 4 , that permit executives

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Under its executive stock option plan, National Corporation granted 18 million options on January 1,2024, that permit executives to
purchase 18 million of the company's $1 par common shares within the next six years, but not before December 31,2026(the vesting
date). The exercise price is the market price of the shares on the date of grant, $15 per share. The fair value of the options, estimated
by an appropriate option pricing model, is $2 per option. Suppose that unexpected turnover during 2025 caused the forfeiture of 5%
of the stock options.
Compute the amount of compensation expense for 2025 and 2026.
Note: Enter your answers in millions rounded to 2 decimal places (i.e.,5,500,000 should be entered as 5.50)
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