During the current year, Kite Corporation had average total assets are $500,000, total asset turnover of 1.10, and a net profit margin percentage of 12.0%. Kite's interest expense equals 5.0% of its total liabilities and its income tax rate is 21.0%. For purposes of computing its operating income (or EBIT), Kite's contribution margin ratio is 25%. If Kite's return on equity is 6.6%, what is Kite's equity multiplier? Round to two decimal points. \begin{tabular}{|r|} \hline 0.50 \\ \hline 0.67 \\ \hline 1.50 \\ \hline 2.00 \\ \hline \end{tabular} None of the above