Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:

Activity Cost Pool	Total Cost		Total Activity
Researching legal issues	$	21,230	690	research hours
Meeting with clients	$	1,205,892	7,353	meeting hours
Preparing documents	$	92,590	5,790	documents

The activity rate for the meeting with clients activity cost pool is closest to:

Multiple Choice

$72 per meeting hour

$164 per meeting hour

$92 per meeting hour

$1,205,892 per meeting hour