44.A firm expects to have net income of $5,000,000 during the next year.The company's target capital structure is 35% debt and 65% equity.The company's director of capital budgeting has determined that the optimal capital budget for the coming year is $6,000,000.If SL Computer follows a residual distribution policy (with all distributions in the form of dividends) to determine the coming year's dividend, then what is the firm's expected dividend payments?

a. $1,100,000

b. $3,900,000

c. $5,000,000

d. $6,000,000

45.Using the data from Question 44, find the firm's dividend payout ratio

a. 11%

b. 22%

c. 35%

d. 65%