Harrah expects to grow at a constant rate of 5 percent forever. Its target debt/asset ratio is 40 percent and expects to have profitable investments of 400,000 this year. Harrah plans to continue paying the same dividend that has been paid the past 20 years, 2.50 per share, long into the future. The firm has 300,000 shares of stock outstanding. If net income is expected to be 1,000,000, what should be Harrah's dividend payout ratio this year?"