Please show your work.

In its 10-Q dated February 4, 2012, LLL, Inc., had outstanding employee stock options representing over 293 million shares of its stock. LLL accountants estimated the value of these options using the Black-Scholes-Merton formula and the following assumptions: S = current stock price = $23.36 K= option strike price = $25.79 r = risk-free interest rate = 045 sigma = stock volatility = 31 T = time to expiration = 3.5 years What was the estimated value of these employee stock options per share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Estimated value per share