Loki, Inc. and Thor, Inc. have entered into a stock$-$swap merger agreement whereby Loki will pay a $23\%$ premium

over Thor's pre$-$merger price. If Thor's pre$-$merger price per share was $$40$ and Loki's was $$49,$ what exchange ratio will

Loki need to offer?

The ratio should be shares of Loki for every share of Thor. $($Round to two decimal places.$)$