Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity$-$based costing system has the following seven activity cost pools: Activity Cost Pool Estimated Overhead Cost Expected Activity Labor$-$related $ $52,0008,000$ direct labor$-$hours Machine$-$related $ $15,00020,000$ machine$-$hours Machine setups $ $42,0001,000$ setups Production orders $ $18,000500$ orders Product testing $ $48,0002,000$ tests Packaging $ $75,0005,000$ packages General factory $ $108,8008,000$ direct labor$-$hours $2.$ Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor$-$hours. $($Round your answer to $2$ decimal places.$)$