A companys stock currently sells for $81.16. A one-year European put option on that stock with strike price of $85 sells for $16.24, and the risk free interest rate is 1.6%. The market expects the company to pay dividends during that period, and the market consensus is that present value of those dividends is $5.26. The price of a one-year European call option on that stock with strike price of $85 is $______.

(Note i: answer must be accurate to the nearest cent).

(Note ii. Use annual compounding NOT exponential compounding for the purpose of this question).