Martinez's Electronic Repair Shop has budgeted the following time and material for 2022 . Martinez's budgets 4.800 hours of repair time in 2022 and will bill a profit of $10 per labor hour along with a 25% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $96,000. On January 5. 2022, Martinez's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Martinez's estimates that this job will consume 4 hours of labor and $180 in parts. Compute the labor rate for Martinez's Electronic Repair Shop for the year 2022. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate perhour