The current price of Estelle Corporation stock is

$28.00.

In each of the next two years, this stock price will either go up by

21%

or go down by

21%.

The stock pays no dividends. The one-year risk-free interest rate is

5.0%

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

$28.00.