2. B) in 2014, Zelle Company generated net profits of $1,750,000 and pald Stotal cash dividends of $375.000 (a) What was the dividend payout ratio? [4.5 marka) (b) It Zelle made net profits of $950,000 in the year 2015 and maintained the same payout ratio, what would be the dividends? 1 4 marks) using the Residual dividend Model, find the dividend payout ratio if the projected income is $925.000 and Company ABC has a capital budget of $550.000 and maintains a capital structure of 70% equity and 20% debt