Assume that you have been given the following information on Purcell Industries' call options:

Current stock price = $13Strike price of option = $12Time to maturity of option = 9 monthsRisk-free rate = 7%Variance of stock return = 0.13d1 = 0.58060N(d1) = 0.71925d2 = 0.26835N(d2) = 0.60579

According to the Black-Scholes option pricing model, what is the option's value? Do not round intermediate calculations. Round your answer to the nearest cent. Use only the values provided in the problem statement for your calculations.

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