$($Market value analysis$)$ Lei Materials' balance sheet lists total assets of $$1\mathrm{.}35$ billion, $$196$ million in current liabilities, $$421$ million in long$-$term debt, $$733$ million in common equity, and $52$ million shares of common stock. If Lei's current stock price is $$50\mathrm{.}89,$ what is the firm's market$-$to$-$book ratio?

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