Thomlin Company forecasts that total overhead for the current year will be $9,700,000 with 194,000 total machine hours. Year to date, the actual overhead is $4,399,000, and the actual machine hours are 83,000 hours. The predetermined overhead rate based on machine hours is:

$23 per machine hour

$53 per machine hour

$50 per machine hour

$117 per machine hour

(Round the answer to nearest dollar)