$($Analyzing liquidity$)$ The King Carpet Company has $$3,180,000$ in cash and a total of $$11,670,000$ in current assets. The firm's current liabilities equal $$6,900,000$ such that the firm's current ratio equals $1\mathrm{.}7.$ The company's managers want to reduce the firm's cash holdings down to $$1,070,000$ by paying $$522,000$ in cash to expand the firm's truck fleet and using $$1,588,000$ in cash to retire a short$-$term note. If they carry this plan through, what will happen to the firm's current ratio?

The new current ratio is $($Round to one decimal place.$)$