Harris Fabrics computes its plantwide predetermined overhead rate annually on the basn of durect laborthours. At the beginining of the yeot, 1t estimated that 36,000 direct labor-hours would be required for the period's estimated lievel of prodaction. The company atso estimated $572.000 of fixed marnufacturing overhead cost for the coming penod and vanable manufacturing overhead of $400 per diect laboi hour. Hamss actual manufacturing overhead cost for the year was $786.169 and its actual total direct labor was 36,500 hours. Required: Compute the company's plantwide predetermined ownhead rate for the year (Round your answer to 2 decimal ploces.)