NLHE 77 in BB vs. 5bb open?!? (40bb CAP 8-Game Table)

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NLHE 77 in BB vs. 5bb open?!? (40bb CAP 8-Game Table)

Blinds: $0.05/$0.10 (6 Players) SB: $4.43
BB: $17.63 (Hero)
UTG: $22.47
MP: $18.26
CO: $5.81
BN: $10.77
Preflop ($0.15) Hero is BB with 7 7
2 folds, CO raises to $0.50, 3 folds
What is my best option here?
It's a $4 CAP in big bet games since it's a 8-game table...

Everything seems stupid to me.
77 too strong to fold, too weak to push, 5bb open is too expensive to call and play OOP What would you recommend here, just lay it down?

Thank you for any feedback!!

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