Jackson Corporation bases its predetermined overhead rate on the estimated labor$-$hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at $55,000$ labor$-$hours. The estimated variable manufacturing overhead was $$10\mathrm{.}90$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$929,500.$ The actual labor hours for the year turned out to be $57,400.$

Required:

Compute the company's predetermined overhead rate for the most recent year.