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Calculate the overhead rate given the following information: Fringe Cost = $1.1 million Recruiting Cost = $500,000 HR Cost = $500,000 Facility Cost = $1.1

Calculate the overhead rate given the following information:

Fringe Cost = $1.1 million

Recruiting Cost = $500,000

HR Cost = $500,000

Facility Cost = $1.1 million

Executive Cost = $700,000

Direct Labor Revenue = $9 million

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