7. Alvin Company expects next year's after-tax income to be P7,500,000. The rm's debt ratio is currently 40 percent. Alvin Company has P6,000,000 of protable investment opportunities and it wishes to maintain its existing debt ratio. According to the residual dividend policy, what is the expected dividend payout ratio next year? A. 52.0 percent B. 75.0 percent C. 48.0 percent D. 25.0 percent