A lapping machine, which is able to grind surtaces to a flatness of 0.4 micno inches, is estimated to require 0.5 hours for setup per day and 1.721 minutes per unit for the cycle. The cycle runs the entire day. In the coming year you are forecasting 51,000 units and 200 days of production. If your machining cost is $12.50 per hou, what is your machining expense estimate for the budget