High Flyer, Inc., wishes to maintain a growth rate of 15.5 percent per year and a debt-equity ratio of 0.80. The profit margin is 5 percent, and total asset turnover is constant at 1.10.

Requirement 1: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).)