Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering Implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information 15 available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,600 $ 55,980 $ 77,000 $364,500 Expected Activity 12,000 MHs 130 setups 2 products 15,000 DLHS Product 2 4.70 Activity Measure Machining Number of setups Nueber of products Direct labor. hours Product y 7,00 40 1 7,100 90 2 7.700 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) per MH Activity rate