Required information

Greenwood Company manufactures two products$-14,000$ units of Product $Y$ and $6,000$ 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 $Z$ :

$\backslash$table$[[$Activity Cost Pool,,Estimated,$],[$Machining$,$Activity Measure,Overhead Cost,Expected Act$],[$Machine setups,Machine$-$hours,$$198,000,10,000$ MHs$],[$Production design,Number of setups,$$86,400,180$ setups$],[$General factory,Number of products,$$82,000,2$ products$],[,$Direct labor$-$hours,$$248,000,10,000$ DLHs$],[$Activity Measure,,,$],[$Machining$,$Product Y$,$Product Z$,],[$Number of setups,$7,800,2,200,],[$Number of products,$50,130,],[$Direct labor$-$hours,$1,1,]]$

What is the activity rate for the Machining activity cost pool? $($Round your answer to $2$ decimal places.$)$