Willard Billingsley is valuing a call option for a stock. The exercise price is $45 and the option can be exercised in two years. The underlying stock has a current price of $40 per share. If the stocks price increases, it is expected to increase by 40%; if the stocks price decreases, it is expected to decrease by 30%. The risk free rate of interest is 5 percent. What is the value of the call in two years if the stock price goes up in the first period and down in the second? $_____ (report your answer to two decimal places and do not include the dollar sign).