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 37,000 direct loborkours would be mequired for the period's estimated level of production -The company also estimated $42,000 of fixed manufacturing overtiead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-houk. Harris's actual manufacturing overhead cost for the year was $680,574 and its actual total direct labor was 37,500 hours. Requited: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)