Current Attempt in Progress Crane Micro Brewers generated revenues of $13,361,600 with a 75 percent capital intensity ratio during the year ended September 30, 2017. Its net income was $1,002,120. With the introduction of a half dozen new specialty beers, management expects to grow sales by 15 percent next year. Assume that all costs vary directly with sales and that the firm maintains a dividend payout ratio of 70 percent. What will be the EFN needed by this form? EFN$ If the company wants to raise no more than $750,000 externally and is not averse to adjusting its dividend payout policy, what will be the new dividend payout ratio? (Round answer to 2 decimal places, e.g. 5.27%.) Dividend payout ratio