In 2018, X Company expects to produce and sell 66,000 units of its only product for $34.73. The following are budgeted variable costs per unit:

Direct Materials	$5.39
Direct Labor	$5.27
Variable Overhead	$4.31
Variable selling and administrative	$4.32
Total	$19.29

Budgeted fixed overhead for 2018 is $187,440, and budgeted fixed selling and administrative expenses are $190,740.

What is X Company's budgeted contribution margin rate for 2018?