Alvin, Inc. is a manufacturer and uses a job-order costing system. It uses a single, plantwide predetermined overhead rate based on machine hours (Mh). The firm estimates that fixed factory overhead will be $2,500,000 and variable factory overhead will be $1,300,000 for the upcoming period. They also estimate that direct labor hour used will be 82,600 DLh and machine hours used will be 56,000 Mh for the upcoming period. What was the predetermined overhead rate the firm used during the period (round your final answer to two decimal places)?