Grand Mills Corporation has 4 million shares of common stock outstanding. The company has 500,000 warrants being traded in the market. Each warrant has the right to buy one share of common stock at \($20\) per share. The warrant will expire one year from today. Grand Mills stock is selling for \($22\) per share and the variance of the return on the stock is 0.005. The risk-free rate is 5 percent. Use the Black-Scholes model to price the warrant.