Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours	72,200
Estimated variable manufacturing overhead	$3.40	per machine-hour
Estimated total fixed manufacturing overhead	$838,760

The predetermined overhead rate for the recently completed year was closest to:

$6.66

$10.20

$8.61

$15.02