Dallas Company uses a job-order costing system. The company's executives estimated that direct labor would be $4,800,000 (160,000 hours at $30/hour) and that factory overhead would be $1,400,000 for the current period. At the end of the period, the records show that there had been 190,000 hours of direct labor and $1,100,000 of actual overhead costs.
Using direct labor hours as a base, what was the predetermined overhead rate?
(Round your answer to two decimal places.)