Calculate the predetermined overhead rate for WIlkey Company where the following budget data for the upcoming year has been estimated as 10,000 sales units, $500,000 direct material, $300,000 direct labor, $50,000 factory depreciation expense, $35,000 factory utility expense, $200,000 indirect labor, $100,000 maintenance materials, and the activity driver is direct labor dollars. (Answer should be input without a dollar sign and to the nearest 2 decimal points)