Sheridan's Custom Electronics (SCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes, it provides bids using time-and-material pricing. The following budgeted cost data are available: The company has budgeted for 5,650 hours of technician time during the coming year. It wants a $35 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $658,000. (a) Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.)