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 53,000 labor-hours. The estimated varabile manufacturing overhead was S770 per laborhour and the estimated total fixed manufacturing overhead was $1,001700. The Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.) per labor-hour