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

Current stock price = $12	Strike price of option = $11
Time to maturity of option = 6 months	Risk-free rate = 8%
Variance of stock return = 0.13
d1 = 0.625655	N(d1) = 0.734229
d2 = 0.370704	N(d2) = 0.644571

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