Required information Greenwood Company manufactures two products14,000 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: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 206,000 $ 145,600 $ 90,000 $ 307,200 Expected Activity 10,000 MHS 260 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,600 50 1 8,600 Product z 1,400 210 1 3,400 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH