Balance sheet data for Meteor Energy as of 12/31/25 is as follows for Lease V:

Leasehold costs	$650,000
Less: Accumulated DD&A	($230,000)
Net leasehold costs	$420,000
Wells and related E&F—IDC	$3,200,000
Less: Accumulated DD&A—IDC	($1,350,000)
Net wells and related E&F—IDC	$1,850,000
Wells and related E&F—L&WE	$1,800,000
Less: Accumulated DD&A—L&WE	($260,000)
Net wells and related E&F—L&WE	$1,540,000

Meteor’s activities during 2026 related to Lease V were as follows:

Exploratory dry hole drilled	$800,000
Development dry hole drilled	$860,000
Tanks, separators, etc., installed	$330,000
Production	320,000 bbl
Proved reserves, 12/31/26	3,200,000 bbl
Proved developed reserves, 12/31/26	2,900,000 bbl

Requirement:
 Calculate the Equity Multiplier for 2026.