Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $291,960. At the end of the year, actual direct labor-hours for the year were 19,400 hours, manufacturing overhead for the year was underapplied by $15,700, and the actual manufacturing overhead was $285,460. The predetermined overhead rate for the year must have been closest to:

$13.91 $15.05 $14.24 $14.71