For​ 2018, Franklin Manufacturing uses machineminus−hours as the only overhead costminus−allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 40,000. The actual manufacturing overhead costs are $520,000 and actual machine hours are 50,000. Using job​ costing, the 2018 budgeted manufacturing overhead rate is​ ________. (Round the final answer to the nearest​ cent.)