Kahn Inc. has a target capital structure of 40% common equity and 604 e debt to fund to 58 bilion in operating assets, Furthermore, Kahn Inc. has a WACC af 16\%k, a before-tax cost of debt of 11%, and a tax rate of 25%. The company s retained earmigs are adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is 53 , and the current stock price in 533 . a. What is the company's expected growth rate? Do not round intermedate salcu ations, Round your answer to two decimal places. b. If the firm's net income is expected to be 51.3 bilion, what portion of its net income is the Fimm expected to pay out as dividends? Do not rocind intermediate calculations. Round your answer th swo decima ploces. (Hint: Refer to Equation below.) Growth cate =(1 - Payout ratio )ROE