Kahn Inc. has a target capital structure of 65% common equity and 35% debe to fund its $9 billion in operating assets. Furthermore, Kahn Inc. has a Wacc of 13%, a before-tax cost of debt of 8%, 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 $28. a. What is the company's expected growth rate? Do not round intermediate calculations, Round your answer to two decimal places. O b. If the firm's net income is expected to be 51.9 billion, what portion of its net income is the firm expected to pay out as divldends? Do not round inteninediate calculations. Round your answer to two decimal places. (Hint: Refer to Equation beiow.) Growth rate =(1 - Payout ratio ) ROE Check My Work ( 3 remaining)