Blue Sky Incorporated listed the following data for the current year:

Budgeted factory overhead $ $1,271,000$

Budgeted direct labor hours $82,000$

Budgeted machine hours $41,000$

Actual factory overhead $1,201,000$

Actual direct labor hours $86,300$

Actual machine hours $39,400$

Assuming Blue Sky Incorporated applied overhead based on direct labor hours, the firm's predetermined overhead rate for the current year rounded to $2$ decimal places is: