The company desires a $33 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7.900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000. Your answer is incorrect. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501\%.) Material loading percentage % eTextbook and Media