15 A company has a capital budget of 8875, 000, and wants to maintain a target capital structure of 45% debt and 55% equity. The company forecasts a net income of $825,000. If it follows. the residual dividend policy, what is its forecasted dividend payout ratio? A) 41.67% B) 33.62% B C) 28.70% D) 17.74% e) 37.90%