Suppose that the price of corn is risky, with a beta of 0.3. The monthly storage cost is $0.07 per bushel, and the current spot price is $2.83, with an expected spot price in three months of $2.98. If the expected rate of return on the market is 1.8% per month, with a risk-free rate of 1.1% per month, what is the expected futures cost? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)