Steven
You can use the "Offset" function under the "Other" tab, I don`t know what size you want but attached here is a .DXF file for you as an example.
Follow the steps in the images below, may help you to get it done.
First move your single line drawing up by 0.054 as image below
Next use the "Offset" facility to make a copy of your shape using the "Left side of chain" option as images below, hold the "Shift" key down and left click on the Left end of the line and set your offset to your 0.1080 to get that width of slot.
When you have the offset line you can round off the ends using the "Arcs > Fillet" option to put an arc at each end of radius 0.054" and then all you need to do is use a "Profile" cut to make your slot with your 0.1" cutter so it runs all the way round
Toolpath image
Hope that is of some small assistance for you
Regards
Rob