A water jet discharging from a $4 \mathrm{~cm}$ diameter orifice has a diameter of 3.5 $\mathrm{cm}$ at its vena contracta. The coefficient of velocity is defined as the ratio of the actual velocity of the jet at vena contracta to the theoretical velocity of the jet. If the coefficient of velocity is $0.98$, the coefficient of discharge for the orifice will be $\text{(rounded off to two decimal places)}$.