A machine with a cost of $73,680.00 has an estimated residual value of $5,222.00 and an estimated life of 5 years or 15,560 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,470 hours?

Select the correct answer.

$15,266.66

$13,691.60

$27,383.20

$16,431.21