Sheffield Corp. provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for the next year's budgeted activity for a lead consultant and the supplies clerk. Consultants' wages $120000 Benefits 55000 Related overhead 25000 Clerk's wages $18000 Benefits 4000 Related overhead 21000 Profit margin per hour $20 Profit margin on materials 15 % Total estimated consulting hours 5000 Total estimated material costs $170000 The labor rate per hour for this consultant is