Kahn Inc. has a target capital structure of 45% common equity and 55% debt to fund its $8 bilion in operating assets. Furthermore, Kahn Inc. has a wACC of 13%, before-tax cost of debt of 11%, and a tax rate of 25%. The company's retained eamings are adequate to provide the eommon equity portion of its capital budget. Its expected dividend next year (D1) is $3, and the current stock price is $35. 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 $2.0 bilion, what portion of its net income is the firm expected to pary out as cividends? Do not round intermediate calculations. Round your answer to two decimal places. (Hint: Refer to Equation below.) Growth rate - (1 - Payout ratio)Rot