Beltran Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Beltrans management estimated a total of $670,000 in manufacturing overhead costs and 13,400 machine hours for the coming year. In December, Beltrans accountants reported actual manufacturing overhead incurred of $565,000 and 14,900 machine hours used during the year. Beltran applies overhead based on machine hours. What was Beltrans predetermined overhead rate for the year?