Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that 83,000 machine-hours would be required for the period's estimated level of production. The company also estimated $157,700 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $0.90 per machine-hour. Required 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH