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Edelman Engines has $18 billion in total assets of which cash and equivalents total $120 million. Its balance sheet shows $2.7 billion in current liabilities

Edelman Engines has $18 billion in total assets of which cash and equivalents total $120 million. Its balance sheet shows $2.7 billion in current liabilities of which the notes payable balance totals $1.02 billion. The firm also has $8.1 billion in long-term debt and $7.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $26 per share. The firm's EBITDA totals $0.936 billion. Assume the firm's debt is priced at par, so the market value of its debt equals its book value.

What are Edelman's market/book and its EV/EBITDA ratios? Do not round intermediate calculations. Round your answers to two decimal places.

1. M/B: ___x

2. EV/EBITDA: ___

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