Daisy Corporation uses a predetermined overhead rate base on machine$-$hours that it recalculates at the beginning of each year. The company considers all of its manufacturing overhead costs to be fixed and it has provided the following data for the most recent year.

Estimated total fixed manufacturing overhead from the beginning of the year

$ $534,000$

Estimated activity level from the beginning of the year

$30,000$

machine$-$hours

Actual total fixed manufacturing overhead

$ $487,000$

Actual activity level

$27,400$

machine$-$hours

The predetermined overhead rate per machine$-$hour would be closest to:

Group of answer choices

$16\mathrm{.}23$

$19\mathrm{.}49$

$17\mathrm{.}80$

$17\mathrm{.}77$