Kahn Inc. has a target capital structure of 70% common equity and 30% debt to fund its $12 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 12%, a before-tax cost of debt of 11%, 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 $2, and the current stock price is $27. What is the company's expected growth rate? If the firm's net income is expected to be $1.7 billion, what portion of its net income is the firm expected to pay out as dividends?