You are given:

The premium rate for the current period is calculated based on the following provisions. Note that losses and fixed expenses are expressed on a per-exposure basis.

Losses including ALAE = 60,000 Profits = 15% of premium Fixed expenses = 2,000 Commissions = 5% of premium Taxes = 8% of premium Other variable expenses = 10% of premium For the next period, other variable expenses will increase to 12% of premium, taxes will decrease to 7% of premium, and fixed expenses will increase by 10%. All other provisions will remain unchanged.

Calculate the indicated rate for the next period using the pure premium method.