Incorporated has a Target capital structure of $50\%$ common equity and $50\%$ debt to fund is $10$ billion in operating assets for the more common Incorporated has a wacc of $16\%$ a before tax cost of debt of $12\%$ and a tax rate of $25\%$ the companies retain earnings are adequate to provide the common Equity portion of this capital budget it's expected dividend next year D$1$ is $$3$ and the current stock price is $$29$ what is the company's expected growth rate do not round intermediate calculations round your answer to two decimal places if the firm's net income is expected to be $1\mathrm{.}5$ billion dollars what portion of this net income is the firm expected to pay out as dividends do not round intermediate calculations round your answer to two decimal places growth rate$=(1-$payout ratio$)$ROE