Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor$-$hours. At the beginning of the year, it estimated $33,000$ direct labor$-$hours would be required for the period$$s estimated level of production. The company also estimated $$590,000$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $$3\mathrm{.}00$ per direct labor$-$hour. Harris$$s actual manufacturing overhead cost for the year was $$753,039$ and its actual total direct labor was $33,500$ hours.

Required:

Compute the company$$s plantwide predetermined overhead rate.

Note: Round your answer to $2$ decimal places.