The current price of Natasha Corporation stock is $$5\mathrm{.}68.$ In each of the next two years, this stock price can either go

up by $$2\mathrm{.}50$ or go down by $$2\mathrm{.}00.$ The stock pays no dividends. The one$-$year risk$-$free interest rate is $3\mathrm{.}8\%$ and will

remain constant. Using the Binomial Model, calculate the price of a two$-$year put option on Natasha stock with a strike

price of $$7\mathrm{.}00.$

The price of the two$-$year put is $

$($Round to the nearest cent.$)$