Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 61,000 labor-hours. The estimated variable manufacturing overhead was $11.00 per labor-hour and the estimated total fixed manufacturing overhead was $1 , 159 , 000 . The actual labor-hours for the year turned out to be 64,600 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 declmal places.)