Sally Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year Actual direct labor hours 232,000 Estimated direct labor hours 250,000 Actual manufacturing overhead costs $350,000 Estimated manufacturing overhead costs $400,000 Actual direct labor cost $465,000 Estimated direct labor cost $500,000 If Sally Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead rate be? Present your calculations