I think you meant 27.95, which is what I came up with. Tall tire. 2.74x3.42=9.37 final drive in 1st gear. 2.74x3.73=10.22 final drive ratio which is still acceptable. 1st shouldn't feel like granny gear. With that tall of a tire, I would go with the 3.73. 2.74x4.10=11.23 which is getting a bit steep.
With a 3.73 and, a 27.95" tire and a 0.67 overdrive ratio I calculate 2403 RPM at 80mph (129km/hr). Yeah, I would go with the 3.73. If you plan on putting a shorter tire on there, like a 60 series, then go with the 3.42.
Thanks for the advice. My buddy who is going to help install it said a 3.55 would be more "streetable" but in the end I don't know what the driving experience will be once I get it. So it's kind of a guess, but either will be MUCH better than 2.41.