Menlo Corporation acquires Newton Inc., paying the following: new stock with a fair value of $50 million, stock registration fees of $3 million, an earnings contingency with a present value of $1 million, and converted stock options to Newton's employees that had vested and were related to services performed prior to the acquisition, valued at $5 million. The total acquisition cost is Select one: a. $55 million b. $56 million c. $50 million d. $59 million

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