$($Market value analysis$)$ Lei Matenals balance sheet lists total assets of $$1\mathrm{.}01$ billion, $$120$ million in current liabilities, $$491$ million in long$-$term debt, $$399$ million in common equity, and $53$ million shares of common stock. If Lei's current stock price is $$46\mathrm{.}72,$ what is the firm's market$-$to$-$book ratio?

The market$-$to$-$book ratio is $($Round to two decimal places.$)$