Wind Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is $35 per share, which was also the market value of the stock on the grant date. The fair value of the options is estimated at $8 per option.

If the options have a vesting period of five years, what would be the balance in Paid-in CapitalStock Options three years after the grant date?

A. A debit of $16.2 million. B. A debit of $4.8 million. C. A credit of $16.2 million. D. A credit of $4.8 million.