Driver Enterprises reported earnings before interest and taxes (EBIT) of $682,718 and interest expense of $57,711. The company explained in a footnote that included in the operating expenses reported on its income statement were operating lease rental expenses of $147,000. The present value of the company's future lease obligations has been determined to be $513,744, based on footnote data and a discount rate of 12%. Calculate the fixed charge coverage ratio after incorporating the impact of the operating leases using the 1/3-2/3 method. Present your answer rounded to two decimal places, e.g., 20.00.