A stock is currently selling for $45. Over the next two periods, the stock will move up by a factor of 1.23 or down by a factor of .61 each period. A call option with a strike price of $54 is avallable. If the risk-free rate of interest is 3.2 percent per period, what is the value of the call option? (Do not round intermediate calculations. Round your answer to 2 decimal places.)