If the share of GDP used for capital goods is 0.15, the growth rate of productivity is 0.01, the growth rate of population is 0.04, the depreciation rate is 0.03, the initial capital/output ratio is 4.58, and the elasticity of GDP with respect to capital is 0.2, then what is the steady-state value of the capital/output ratio? Use 2 decimal places.

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