Hickory Company manufactures two products$-13,000$ units of Product $Y$ and $5,000$ units of Product $Z.$ The company uses

a plantwide overhead rate based on direct labor$-$hours. It is considering implementing an activity$-$based costing $($ABC$)$

system that allocates all $$788,400$ of its manufacturing overhead to four cost pools. The following additional information is

available for the company as a whole and for Products $Y$ and $Z$ :

Foundational $7-1($Algo$)$

Required:

What is the company's plantwide overhead rate?

Note: Round your answer to $2$ decimal places.