The current price of Estelle Corporation stock is $ 21.00. In each of the next twoyears, this stock price will either go up by 20% or go down by 20 %. The stock pays no dividends. Theone-year risk-free interest rate is 6.0 % and will remain constant. Using the BinomialModel, calculate the price of aone-year call option on Estelle stock with a strike price of $21.00.

The price of theone-year call option is $ ________ (Round to to the nearestcent.)