Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours, At the beginning of the yeat, it estimated that 29,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $567,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor hour. Harris's actual manufacturing overhead cost for the year was $712,476 and its actual total direct labor was 29,500 hours, Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)