Giannitti 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 $ $3\mathrm{.}00$ per machine$-$hour

Estimated total fixed manufacturing overhead $ $838,720$

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

Multiple Choice

$$6\mathrm{.}84$ per machine$-$hour

$$14\mathrm{.}62$ per machine$-$hour

$$8\mathrm{.}61$ per machine$-$hour

$$9\mathrm{.}00$ per machine$-$hour