contractual obligations and commercial commitments future commitments of garmin , as of december 27 , 2008 , aggregated by type of contractual obligation .

Payments due by period
Contractual Obligations
Total
Less than 1 year
1-3 years
3-5 years
More than 5 years
Operating Leases
$44,048
$7,957
$13,789
$11,061
$11,241
Purchase Obligations
51,471
47,966
2,265
1,240
0
Total
$95,519
$55,923
$16,054
$12,301
$11,241

operating leases describes lease obligations associated with garmin facilities located in the u.s. , taiwan , europe , and canada .
purchase obligations are the aggregate of those purchase orders that were outstanding on december 27 , 2008 ; these obligations are created and then paid off within 3 months during the normal course of our manufacturing business .
we may be required to make significant cash outlays related to unrecognized tax benefits .
however , due to the uncertainty of the timing of future cash flows associated with our unrecognized tax benefits , we are unable to make reasonably reliable estimates of the period of cash settlement , if any , with the respective taxing authorities .
accordingly , unrecognized tax benefits of $ 214.4 million as of december 27 , 2008 , have been excluded from the contractual obligations table above .
for further information related to unrecognized tax benefits , see note 2 , 201cincome taxes 201d , to the consolidated financial statements included in this report .
off-balance sheet arrangements we do not have any off-balance sheet arrangements .
item 7a .
quantitative and qualitative disclosures about market risk market sensitivity we have market risk primarily in connection with the pricing of our products and services and the purchase of raw materials .
product pricing and raw materials costs are both significantly influenced by semiconductor market conditions .
historically , during cyclical industry downturns , we have been able to offset pricing declines for our products through a combination of improved product mix and success in obtaining price reductions in raw materials costs .
inflation we do not believe that inflation has had a material effect on our business , financial condition or results of operations .
if our costs were to become subject to significant inflationary pressures , we may not be able to fully offset such higher costs through price increases .
our inability or failure to do so could adversely affect our business , financial condition and results of operations .
foreign currency exchange rate risk the operation of garmin 2019s subsidiaries in international markets results in exposure to movements in currency exchange rates .
we have experienced significant foreign currency gains and losses due to the strengthening and weakening of the u.s .
dollar .
the potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations .
the currencies that create a majority of the company 2019s exchange rate exposure are the taiwan dollar , the euro , and british pound sterling .
garmin corporation , headquartered in shijr , taiwan , uses the local currency as the functional currency .
the company translates all assets and liabilities at year-end exchange rates and income and .

Question: Analyse this data from a financial earnings document. considering the contractual obligations in which payments due by 1-3 years , what is the percentage of the operating leases in relation to the total obligations?
Choices:
1.22667
1
0.76623
0.85891
1.16426
Correct choice index: 3