For​ 2018, Franklin Manufacturing uses machineminushours as the only overhead costminusallocation base. The estimated manufacturing overhead costs are $ 360 comma 000 and estimated machine hours are 50 comma 000. The actual manufacturing overhead costs are $ 480 comma 000 and actual machine hours are 60 comma 000. Using job​ costing, the 2018 budgeted manufacturing overhead rate is​ ________. (Round the final answer to the nearest​ cent.)