X Company sells one product. The following are the accountant's price and cost estimates for 2020:

Selling price			$17.76
Direct materials			4.07
Direct labor [all variable]			2.54
Variable overhead			2.04
Variable selling and administration			1.70
Fixed overhead			$12,400
Fixed selling and administration			10,700

Unit sales in 2019 were 5,400; unit sales in 2020 are expected to be 5,800.

The accountant is uncertain about her $2.04 variable overhead estimate. What must variable overhead be in 2020 in order for X Company to breakeven (rounded to two decimal places)?