Chancellor Industries has retained earnings available of $1.29 million. The firm plans to make two investments that require financing of $985,784 and $1.82 million, respectively. Chancellor uses a target capital structure with 63 % debt and 37 % equity. Apply the residual theory to determine what dividends, if any, can be paid out, and calculate the resulting dividend payout ratio The dividend amount, if any, that can be paid out is $(Round to the nearest dollar) The board of Kopi Industries is considering a new dividend policy that would set dividends at 46 % of earnings. The recent past has witnessed eami per share (EPS) and dividends paid per share as follows: Based on Kops historical dividend payout ratio, discuss whether a constant payout ratio of 46% would be suitable for the firm. The dividend payout ratio in 2016 is%. (Round to two decimal places.) - X Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year EPS Dividend/share 2016 $1.83 $0.78 $2.04 $0.98 2017 Enter your answer in the a $2.14 $1.00 2018 $2.35 $1.04 2019 parts Check Answer remaininn