Ivanhoe Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows:

Actual manufacturing overhead $,$$$129,000$

Estimated manufacturing overhead $$124,500$

Direct labor hours incurred $,4,800$

Direct labor hours estimated $,5,000$

Compute the predetermined overhead rate. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Predetermined overhead rate per direct labor hour