The current price of Natasha Corporation stock is $ 5.87. In each of the next two years, this stock price can either go up by $ 2.50 or go down by $ 2.00. The stock pays no dividends. The one-year risk-free interest rate is 3.5 % 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 $ 7.00.

The price of the two-year put is?