Under its executive stock option plan, National Corporation granted $12$ million options on January $1,2024,$ that permit executives to

purchase $12$ 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, $$17$ per share. The fair value of the options, estimated

by an appropriate option pricing model, is $$5$ 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 $($i$.$e$.,10,000,000$ should be entered as $10).$