Lodge Industries plans to apply overhead using direct labor dollars as the activity base. Lodges actual overhead costs for the year were $$2,030,000,$ its actual direct labor cost was $$1,540,000,$ and its actual machine hours were $364.$ At the beginning of the year, Lodge anticipated annual overhead costs would be $$2,100,000,$ its direct labor costs would be $$1,400,000,$ and the total machine hours would be $350,000.$ What is the companys predetermined overhead rate to the nearest cent?