Madeline Manufacturing Incis current stock price is $45 per share. Call options for this stock exist that permit the holder to purchase one share at an exercise price of 540 . These options will expire at the end of 1 year, at which time Madeline's stock will be selling at one of two prices $20 or 550 . The riskefree rate is 3.5\%, Using the binomial option pricing model, create a riskless hedged investment and answer the following questions: What is the present value of the riskless portfolio? Do not round intermedlate calculations. Round your answer to the nearest cent. 5