Kahn Inc has a target capital structure of 45% common equity and 55% debt to fund its $11 billion in operating assets. Furthermore, Kahn Inc, has a WACC of 13%, a before-tax cost of debt of 9%, and a tax rate of 25%. The company's retained earnings.are adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is $3, and the current stock price is $34. 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 51,5 billion, what portion of its net income is the firm expected to pay out as dividends? Do not round intermediate calculabions. Round your answer to two decimal piaces. (Hint: Refer to Equation below.) Growth rate =(1 : Peyout ratio) ) QE