Chis. Hawn Tech Inc. is expected to have an FAIT of $4, dad, and this year . The company's capital structure }} 40%/ debt and 60%/} equity . Company has Sid.god, ``0 debt with the cost of debt of 10%`. Company's cost of capital for equity is 16% and it has one million shares of common stock outstanding . The firm Expects to fund a $2, 090. 070 project and it will finance it in accordance with it's Larget capital Structure stated above . Company"= marginal Tax rate 15. 40 Percent . a) HaunTech follows a residual distribution policy and pays all distributions in the form of dividends . What are the dividend payout ratio ( in `/ ) and the dividend paid out per share ( in $1? by Compare and contrast Lax - preference , bird - in- hand , and clientele effect theories of dividend policy