The risk-free rate is 5%. The stock of MarkIt Corp. (MIC) currently is trading at $50. You predict the price will either move up to $70 or down to $40 in the next period. If the price moves to $70, you predict it will move to $85 or $60 in the second period. But if the price moves to $40, it will move to $60 or $30 in the second period. Based on the binomial model, what is the price for a European call option on MIC with K=$55?

A. $7.35

B. $9.11

C. $8.06

D. $6.82