Mr Baker, a Divisional Manager, Is Compensated as Follows

Mr. Baker, a divisional manager, is compensated as follows:
Mr. Baker's division reported operating income of £5,000,000 this year. On December 1, Mr. Baker exercised his stock option when the stock was selling for £57 per share.
Required:

a.
Determine the amount of Mr. Baker's bonus for the year.
b.
Determine the value of the stock option to Mr. Baker.
c.
Determine the total amount of Mr. Baker's compensation for the year.