Suppose that the price of corn is risky, with a beta of $0\mathrm{.}4.$ The monthly storage cost is $$0\mathrm{.}09$

per bushel, and the current spot price is $$2\mathrm{.}87,$ with an expected spot price in three months of

$$3.$ If the expected rate of return on the market is $1\mathrm{.}8\%$ per month, with a risk$-$free rate of $1\mathrm{.}1\%$

per month, what is the expected futures cost?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Answer is complete but not entirely correct.