Chancellor Industries has retained earnings available of $1.20million. The firm plans to make two investments that require financing of $950,000 and $1.75 million,respectively. Chancellor uses a target capital structure with 660% debt, and 40% equity.Apply the residual theory to determine whatdividends, ifany, can be paidout, and calculate the resulting dividend payout ratio.

A. the dividend amount, if any, that can be paid out is $______ (ROUND TO NEAREST DOLLAR)

B. The resulting dividend payout ratio is ____% (round to one decimal place)