Hans Hall, president of Hall Corporation, believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $710,000, and the corporation paid $241,400 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,560,000. Hans expects next year's net income to be about $810,000. (a1) What was Hall's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? Payout ratio-last year % Dividends paid this year $