Required information Foundational (LO4-1, LO4-2, LO4-3, L04-4) Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional Information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-houre Number of setup Number of products Direct labor-hours Estimated Overhead Coat $ 249,600 $ 162,400 $ 92,000 $ 209,600 Expected Activity 12,000 MB 280 setups 2 products 12.000 DL.H. Activity Measure Machining Number of setup Number of products Direct labor-hours Product Y 8,800 40 1 8,800 Product X 3,200 240 1 3,200 Foundational 4-1 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH