Beta Company has two divisions: Division X and Division Y. The company is decentralised and each division is evaluated as a profit centre. Division X produces components that can be used by Division Y. Division X's variable manufacturing cost per unit is $2.05 and shipping costs are $0.12 per unit. Division X's external sales price is $3.04 per unit. No shipping costs are incurred on sales to Division Y. Division Y can purchase the components in the external market for $2.70. Assuming Division X has no excess capacity and can sell everything produced externally, using the general rule of transfer pricing, the transfer price from Division X to Division Y would be $___________. (Round the final answer to 2 decimal places.)