In 2015, Kranworth started allocating corporate R&D costs among its three divisions (Retail, Wholesale, Custom) using the dual rates method. The following information is available for 2015:

Actual R&D costs total	700,000
Budgeted total costs	670,000
Budgeted fixed	480,000
Budget (variable cost per hour)	100
Total R&D capacity (hours)	2,527

	Retail	Wholesale	Custom
Budgeted hours	500	1,000	400
Total actual hours	600	1,100	500

What fixed cost rate should be used for 2015?

Enter your answer as a number rounded to two decimal points, e.g., 3.14, 25.70, 100.00, 1540.99. Do not enter any letters, unit symbols (such as %), commas, or other non-numerical characters!