ABC Company had the following estimated costs for 2022: Direct materials Direct labor Advertising expense Rent on factory building Depreciation on factory equipment Indirect materials Sales commissions Production supervisor's salary Insurance on factory equipment $28,000 . $22,000 $15,000 .. $13,000 ... . $11,000 $10,000 $28,000 $40,000 $16,000 ABC Company estimates that 24,000 machine hours will be used during 2022. Calculate ABC Company's 2022 pre-determined overhead rate based on machine hours.