Question 7: (8 points) Based on the information below, answer the following questions. - Current based rate =$100 - Overall proposed rate increase =+10% - Base class is class 2. Calculate the off-balance factor ( 4 points) and the revised base rate ( 4 points). Question 7: (8 points) Based on the information below, answer the following questions. - Current based rate =$100 - Overall proposed rate increase =+10% - Base class is class 2. Calculate the off-balance factor ( 4 points) and the revised base rate ( 4 points)