A company estimates the overhead costs for the next year will e $8,620,000 for indirect labor and $170,550 for factory utilities. The compnay uses machine hours as its overhead allocation base. If 550,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (ROund on two decimal places)

A. $0.06 per machine hour

B. $15.98 per machine hour

C. $15.67 per machine hour

D. $0.31 per machine hour