Hero Inc. has a target capital structure of 30% debt and 70% equity. It just paid dividend $2 per share. The company currently has return on equity of 10% and this rate is expected to continue in the future. The current price of its constant growth stock is $27.87, required rate of return on the stock is 12% and marginal tax rate is 35%. The company's payout ratio is closest to: (A) (B) (C) (D) (E) 33% 45% 55% 60% There is not enough information to calculate its payout ratio