Mcvey Pte Ltd. has budgeted fixed manufacturing overhead of $193,000 for June, which includes depreciation of $36,670 but is otherwise all current cash outlays. Their direct labor budget indicates that the month's production will need 10,084 direct labor hours. Budgeted variable manufacturing overhead is based on direct labor hours, and the variable overhead rate is $4.60 per direct labor hour.

Mcvey recomputes its predetermined overhead rate every month. What should they calculate the predetermined overhead rate for June to be?