Xinghua Inc. granted options for 10 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 was estimated at $8 per option.

What would be the total compensation indicated by these options?

a. $ 30 million.

b. $ 270 million.

c. $ 80 million.

d. $ 350 million