In its 10-Q dated February 4, 2010, LLL, Inc., had outstanding employee stock options representing over 275 million shares of its stock. LLL accountants estimated the value of these options using the Black-Scholes-Merton formula and the following assumptions: S = current stock price = $26.86 K= option strike price = $29.29 r= risk-free interest rate = 0.051 o = stock volatility = 0.33 T = time to expiration = 3.5 years What was the estimated value of these employee stock options per share of stock? (Note: LLL pays no dividends.) (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Employee stock options $