A corporation reported net income of $250,000 and paid dividends of $10,000 on its common stock and $50,000 on its preferred stock. Common stockholders equity was $1,200,000 at the start of the year and $1,600,000 at the end of the year. Total assets were $1,900,000 at the start of the year and $2,100,000 at the end of the year. What is the companys payout ratio?

Group of answer choices

20.00%

4.00%

14.29%

24.00%

6.00%