Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct faborthours. At the beginning of the yeat, it estimated that 42.000 direct laborthours would be required for the period's estimated level of production. The company also estimated $539,000 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 $743.042 and its actual total direct labor was 42.500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimol ploces.)