The following regression line is estimated: hat y i $=$ hat beta $0+$ hat beta $1*$ x i where y is the CEO wage $($dollars per hour$)$ and x is returns on equity $($ROE$),$ a measure of firm performance. The average CEO salary in the sample is $1350$ with standard deviation $62$ and the average ROE in the sample is $21$ with standard deviation $8.$ The covariance between CEO salary and ROE is $1600.$ What is the estimated slope hat beta $1$ A ANSWER WITH TWO DECIMAL POINTS.