A firm is considering 3 projects. To maintain the target capital structure, 30% of the capital must be raised as debt. Net income is $60 million. What is the payout ratio? Project A: WACC=20%;IRR=10%;$2 million requirement. Project B: WACC =10%; IRR =11%;$1 million requirement. Project C: WACC =15%; IRR=18\%; $9 million requirement. 88.33% 85.12% 90.54% 80.19%