[Q: 21-6336383] Extended Binomial Model. A gas company has an opportunity to sell up to 5.5 million gallons of gasoline in six months at a price of $3.85 per gallon. The price is currently $3.60 per gallon but the price is highly volatile (=64%). The nominal risk-free rate is 8%. The company is evaluating this opportunity using the binomial model, assuming a price change every three months (n=4). The company has already determined that the up-state factor is 1.3771 , the down-state factor is 0.7261 , and the risk-neutral probability of entering the up-state is 45.15%. Calculate the per-gallon value of this opportunity today by completing this company's analysis. Round the possible six-month gas prices to two decimal places and use the rounded values in your analysis. The per-gallon value of this opportunity today is $0.5839. (Enter your answer rounded to four decimal places)