3. Tesla Inc. has two manufacturing departments --Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Finishing Total Estimated total machine-hours (MHs) 7,300 3,055 10,355 Estimated total fixed manufacturing overhead cost $ 40,600 9,200 49,800 Estimated variable manufacturing overhead cost per MH $ 1.45 2.75 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the predetermined manufacturing overhead rate (round final answer to two decimal place if necessary)