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 26,000 direct labor-hours would be tequired for the period's estimated level of production. The company also estimated $561,000 of fxed manufacturing overhead cost for the coming period and variable manufacturing overheod of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $695,013 and its actual fotal direct labor was 26,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)