City Suites has 32 office suites has PGI of $192,000 at a 15% vacancy rate and EGI of $163,200. The owner has the following expenses; heat $10,700, electric $7,300, water $3,700, marketing, advertising and salaries of $72,000, insurance $5,300, mortgage interest of $27,560, property taxes $10055, and maintenance $9316. What is the property's operating expense ratio (decimal version)?

Round your answer to 2 decimal places. do not use any punctuation other than a decimal point (.)