X Company has the following estimated costs for 2020:

Direct materials$65,900

Direct labor16,500

Factory supplies19,800

Factory supervision29,700

Marketing research43,400

Factory rent41,600

Sales salaries48,000

Factory insurance60,100

X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 60,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be?