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High Road Transport has a current stock price of $5.60. For the past year, the company had net income of $287,400, total equity of $992,300,

High Road Transport has a current stock price of $5.60. For the past year, the company had net income of $287,400, total equity of $992,300, sales of $1,511,000, and 750,000 shares outstanding. What is the market-to-book ratio?

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