The following information applies to questions 1-5. Categories Values Sales $50, 800, 000 Cost of goods sold $25, 400, 000 Variable expenses $ 8, 350, 000 Fixed expenses $8, 420, 000 Inventory $ 6210, 000 Accounts receivable $3, 280, 000 Other current assets $ 4, 280, 000 Fixed assets $24, 000, 000 Financial leverage 1.607 The managers of the firm claim that the return on net worth for the firm is 61.7. If the return on assets is 22.34, then what financial leverage is required to achieve this return? (Round your answer to 2 decimal places.)