ckory Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based o our-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The folle ditional information is available for the company as a whole and for Products Y and Z: Tachining Tachine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost 213,400 $ 61,600 $ 78,000 $ 244,000 Expected Activity 11,000 MHs 140 setups 2 products 13,200 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Product Y 6,400 60 1 7,400 Product Z 4,600 80 1 5,800 What is the activity rate for the Machining activity cost pool? (your answer should be per Machine Hour) (Round your answer to 2 decimal places.)