When Owens Corning emerged from bankruptcy in 2006 , the debtholders became the sole owners of the company. But the old stockhoiders were not left entirely empty. handed, Suppose they were given warrants to buy the new common stock at any point in the next seven yeas for $47775 a share. Becouse the stock in the restructured firm was worth obout 53250 a share. the stock needed so appreciote by 50% before the warrants would be worth exercising. The standard devation of Oyrens Corning stock was 41% a year and the interest rote when the warrants were issued was 7. Owens. Coming did not pay a dividend. Ignote the problem of dilution Calculate the call value of Owens Corning wartants. (Do not round intermediate calculations. Round your answer to 2 decimal places.)