I need to divide one matrix by another like this:

M1 = [ 0.05 0.02
0.07 0.12]

M2 = [1.26 2.35
0.59 5.04]

M3 = M2 / M1

I tried to define M1 and M2 as Val, but the answer is division by zero.
I think when e define M1 as Val all numbers after the dot got lost.
How can i threat textmatrix to become double numbers?

Thanks