Another option is to bring the full volume of water to a boil, turn off the flame, then add the extract. Stir well to make sure it's dissolved, then turn the flame back on. This will help to avoid scorched extract on the bottom of the kettle.
Boil-off rate will depend on your system, and you'll dial it in as you do a few batches. For my system and the boils I do (bubbling, but not roiling), around 0.65 gallons/hour (5.5 gallon batches) is pretty typical...