Henkes Corporation bases its predetermined overhead rate on the estimated labor$-$hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor$-$hours for the upcoming year at $75,000$ labor$-$hours. The estimated variable manufacturing overhead was $$7\mathrm{.}10$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$1,372,500.$ The actual labor$-$hours for the year turned out to be $77,000$ labor$-$hours.

Required:

Compute the company's predetermined overhead rate for the recently completed year. $($Round your answer to $2$ decimal places.$)$