Kahn Inc, has a target capitai structure of 55% common equily and 45% debt to fund its $8 billion in operating assets. Furthermore, Kahn inc. has a WAcC of 13%. a before-tax cost of debt of 976 , and a tax rate of 25%; The company's retained earnings are actequate to provide the comman equity nortion of its enpitst budget Its expected dividend next year (D1) is $2, and the current stock price is $31. a. What is the company's expected growth rate? Do not round intermediate calculations. Round your answer to two decimal places. b. If the firm's net income is expected to be $1.0 billion, what portion of its net income is the firm expected to par out as dividends? Do not round intermediate calculations. Round your answer to two decimal places. (Hint: Refer to Equation below.) Growth rate =(1 Pirout ratio) 1 Roe