The specified component is a 0.027 microfarad capacitor with a tolerance of ±10% and an operating voltage of 16 volts. It has a ceramic construction and uses the C0G/NP0 dielectric material, which is known for its stability across a wide range of temperatures. This capacitor comes in a 1812 (4.3 x 3.2 mm) case size and is designated as 1B.