Under its executive stock option plan, Strowski Corp. granted options on January $1,2024,$ that permit executives to purchase $11$ million of the company's $$1$ par common shares within the next eight years, but not before December $31,2026($the vesting date$).$ The exercise price is the market price of the shares on the date of grant, $$17$ per share. The fair value of the options, estimated by an appropriate option pricing model, is $$3$ per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives?