ome recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	24,236			$	26,000			Accounts payable	$	25,084			$	29,000
Accounts receivable		14,348				17,100			Notes payable		19,000				12,700
Inventory		27,892				29,000			Other		13,471				18,300
Total	$	66,476			$	72,100			Total	$	57,555			$	60,000
									Long-term debt	$	88,000			$	99,000
									Owners equity
									Common stock and paid-in surplus	$	45,000			$	45,000
									Accumulated retained earnings		219,616				233,000
Fixed assets
Net plant and equipment	$	343,695			$	364,900			Total	$	264,616			$	278,000
Total assets	$	410,171			$	437,000			Total liabilities and owners equity	$	410,171			$	437,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales					$	392,640
Cost of goods sold						257,000
Depreciation						48,800
Earnings before interest and taxes					$	86,840
Interest paid						16,200
Taxable income					$	70,640
Taxes (40%)						28,256
Net income					$	42,384
Dividends	$	29,000
Retained earnings		13,384

Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $21.

What is Tobins Q for Smolira Golf? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Tobins Q