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Intel Corporation reported net income of $600,000 for the year ended December 31st, 2023. Duringtheyear,thecompanyissueddividendsof$80,000.Calculatethecompany'sdividend payout ratio.

Intel Corporation reported net income of $600,000 for the year ended December 31st, 2023. During the year, the company issued dividends of $80,000. Calculate the company's dividend payout ratio.

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