Harris Fabrics computes Its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, It estimated that 41,000 direct labor-hours would be required for the perlod's estimated level of production. The company also estimated $577,000 of fixed manufacturing overhead cost for the coming perlod and varlable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $729,287 and its actual total direct labor was 41,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)