Harwood Company is a manufacturer that operates a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. In the beginning of the year, it estimated that its total manufacturing overhead would be $256,000 and the total direct labor would be 16,000 hours. Its actual total manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.

Required: Compute the company's predetermined overhead rate.