Current share price: $50; Basic shares outstanding: 80 (in millions).

1. What is the total shares of in-the-money options? (keep one decimal place)

	number of shares	Exercise price
Tranche 1	1.5	$10
Tranche 2	1.0	$25
Tranche 3	0.2	$45
Tranche 4	0.4	$55

2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)

- 86.00 is wrong X

3. What is the new shares in millions (the shares from the in the money options - the shares from repurchase) from the options? (keep two decimals)

- 0.40 is wrong X

4. What is the fully diluted shares outstanding (in millions)? (keep two decimals)

- 3.10 is wrong X