Hans Novak, president of Novak Corp., 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 $600,000, and the corporation paid $108,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,450,000. Hans expects next year's net income to be about $700,000. What was Novak Corp.'s payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? (Round answers to 0 decimal places, e.g. 125.) Payout ratio-last year % Dividends paid this year $ $