Adriana company is highly automated and uses computers to control manufacturing operations. the company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. the following estimates were used in preparing the predetermined overhead rate at the beginning of the year: computer-hours 82,000 fixed manufacturing overhead cost $ 1,278,000 variable manufacturing overhead per computer-hour $ 3.40 during the year, a severe economic recession resulted in cutting back production and a buildup of inventory in the company’s warehouse. the company’s cost records revealed the following actual cost and operating data for the year: computer-hours 60,000 manufacturing overhead cost $ 1,208,000 inventories at year-end: raw materials $ 420,000 work in process $ 120,000 finished goods $ 1,030,000 cost of goods sold $ 2,770,000 compute the company's predetermined overhead rate for the year. (round your answer to two decimal places.)