You are attempting to value a call option with an exercise price of $120 and one year to expiration. The underlying stock pays no dividends, its current price is $120, and you believe it has a 50% chance of increasing to $150 and a 50% chance of decreasing to $90. The risk-free rate of interest is 6%. Based upon your assumptions, calculate your estimate of the the call option's value using the two-state stock price model. (Do not round intermediate calculations. Round your answer to 2 decimal places.)