Carlsbad Caverns Inc. uses machine-hours as the only overhead cost-allocation base in their job costing system. The estimated manufacturing overhead costs for the year were $350,000 and estimated machine hours were 52,000. The actual manufacturing overhead costs were $350,000 and actual machine hours were 52,000. Using normal costing, the manufacturing overhead rate the company used to allocate overhead to jobs was. (Round final answer to the nearest hundredth decimal place.)