The following information has been gathered for the Georgia Manufacturing Company pertaining to its fiscal year ending December 31: Actual manufacturing overhead costs - $257,000; Actual direct labor hours - 66,000; Actual direct labor costs - $1,023,000; Estimated manufacturing overhead costs - $250,000; Estimated direct labor - $975,000; Estimated direct labor hours - 65,000. What is the predetermined manufacturing overhead rate per direct labor hour? (Round to the nearest penny.)