20Y1	20Y2	20Y3
Net profit after taxes	$134,000	$86,000	$108,000
Cash dividends	$110,000	$76,000	$98,000

What is the correct conclusion to draw from the trend in the dividend payout ratio for Lancer's Furniture?

A) the dividend payout ratio is growing, which will most likely lead to increased borrowing needs.

B) the dividend payout ratio is shrinking, which means the business will most likely need to borrow less.

C) the dividend payout ratio is shrinking, which will most likely result in increased borrowing needs.

D) the dividend payout ratio is growing, so the business will most likely need to borrow less.