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Calculate the payout ratio from the following available information : EBIT $150,000; interest expense $16,000; tax rate 30%; dividends paid $40,000. a. 35.55% b. 36.43%

Calculate the payout ratio from the following available information : EBIT $150,000; interest expense $16,000; tax rate 30%; dividends paid $40,000.

a. 35.55%

b. 36.43%

c. 63.57%

d. 65.45%

e. 68.23%

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