Baj Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.The company has provided the following data for the most recent year. 
The predetermined overhead rate per machine-hour would be closest to:
Definitions:
Investment
Investment refers to the action of allocating resources, usually money, with the expectation of generating an income or profit.
Compounded Quarterly
A repetitive method of calculating interest where the interest is calculated and added to the principal every three months, leading to an increase in the amount of interest earned over time.
Regular Investment
An investment strategy involving the consistent investment of a fixed amount of money at regular intervals, regardless of market conditions.
Accumulate
To gather or collect over a period of time, often referring to interest, investments, or assets.
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