You are attempting to value a call option with an exercise price of $108 and one year to expiration. The underlying stock pays no dividends, its current price is $108, and you believe it has a 50% chance of increasing to $136 and a 50% chance of decreasing to $80. The risk-free rate of interest is 10%. Calculate the call option's value using the two-state stock price model. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places