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High Flyer, Inc., wishes to maintain a growth rate of 16 percent per year and a debt-equity ratio of 0 90. The profit margin is

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High Flyer, Inc., wishes to maintain a growth rate of 16 percent per year and a debt-equity ratio of 0 90. The profit margin is 4.8 percent, and total asset turnover is constant at 1.08 What is the dividend payout ratio? (Do not include the percent sign (%). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e.g., 32.16).)

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