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In its 100 dated February 4, 2016, 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 Scurrent stock price = $26.86 Koption strike price $29.29 risk-free interest rate=051 ostock volatility = 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.) (Do not round Intermediate calculations. Round your answer to 2 decimal places.) ces Option value per share