Current Attempt in Progress Vaughn Manufacturing had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 9900 Net income for the year ended 2021 93000 Market price of stock, 12/31/20 9 Market price of stock, 12/31/21 11 Common stockholders' equity, 12/31/20 1637000 Common stockholders' equity, 12/31/21 1972000 Outstanding shares, 12/31/21 170000 15500 Preferred dividends for the year ended 2021 What is the payout ratio for Vaughn Manufacturing for the year ended 2021? 16.7% 18.7% O 12.8% O 10.6%