Deacon Corporation has provided the following financial data from its balance sheet and income statement:

year 2 year 1

total assets $1,198,000 $1,160,000

total liabilities $466,000 $460,000

totoal stockholders equity $732,000 $700,000

net operating income (before interest & taxes) $67,769

interest expense $13,000

The company's equity multiplier at the end of Year 2 is closest to:

0.64

1.65

1.57

0.61