​Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $ 750 comma 000 and $ 550 comma 000​, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 16 comma 000 hours and 8 comma 000 ​hours, respectively. What is the predetermined overhead allocation​ rate? (Round your answer to the nearest​ cent.)