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

Current stock price = $14	Strike price of option = $12
Time to maturity of option = 5 months	Risk-free rate = 7%
Variance of stock return = 0.1
d1 = 1.00013	N(d1) = 0.841376
d2 = 0.796006	N(d2) = 0.786986

According to the Black-Scholes option pricing model, what is the option's value? Round your answer to the nearest cent.