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 required for the periods estimated level of production. The company also estimated $566,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harriss actual manufacturing overhead cost for the year was $696,135 and its actual total direct labor was 26,500 hours.

Compute the companys plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)