Jackson Company manufactures a line of lightweight running shoes. CEO Daniel Jackson estimated that the company would incur $3,780,000 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 210,000 direct labor hours and 420,000 machine hours. Assume that Jackson Company uses machine hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Company's predetermined overhead rate $ 18 /MH