A company has granted 20,000 option to its executives. The stock price and strike price are both $30. The options last for 15 years and vest after 5 years. The company decides to value the options using an expected life of 6 years and a volatility of 20% per annum. The company pays no dividends and the risk-free rate is 4%. The company accountant use Black-Scholes formula to find fair value of the options and he calculated d1 as 0.74 and find value of N(d1) as 0.7704. What will the company report as an expense for these option om its income statment?