Jason Allen, president of Allen Corporation, believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $720,000, and the corporation paid $144,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,570,000. Hans expects next year's net income to be about $820,000. What was Allen Corporation's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? Jason Allen, president of Allen Corporation, believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $720,000, and the corporation paid $144,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,570,000. Hans expects next year's net income to be about $820,000. What was Allen Corporation's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year