The current price of Estelle Corporation stock is $ 30.00 $30.00. In each of the next two years, this stock price will either go up by 17 % 17% or go down by 17 % 17%. The stock pays no dividends. The one-year risk-free interest rate is 8.4 % 8.4% and will remain constant. Using the Binomial Model, calculate the price of a one-year put option on Estelle stock with a strike price of $ 30.00 $30.00. The price of the one-year put option is $ nothing . (Round to the nearest cent.)