As a stockholder in FIN311 Co., you receive its annual report. In the financial statements, the firm has reported assets of 175 million Baht, liabilities of 80 million Baht, after-tax earnings of 35 million Baht, and 18 million outstanding shares of common stock. Assume a share of FIN311 Co.s common stock has a market value of 20 Baht and the company pays annual dividend payments that total 1.50 Baht a share. What is the dividend payout ratio for FIN311 Co.? (Enter your answer as a percent rounded to 2 decimal places. Do not include percentage sign.)