The current price of Estelle Corporation stock is $$22\mathrm{.}00.$ In each of the next two years, this stock price will either go

up by $23\%$ or go down by $23\%.$ The stock pays no dividends. The one$-$year risk$-$free interest rate is $6\mathrm{.}0\%$ and will

remain constant. Using the Binomial Model, calculate the price of a one$-$year call option on Estelle stock with a strike

price of $$22\mathrm{.}00.$

The price of the one$-$year call option is $$2\mathrm{.}98.($Round to to the nearest cent.$)$