Kahn inc has a target eapital structure of 45% common equity and 55% debt to fund its 511 bifion in operating assets. Furthermore, Kithn the, has a WAOC of 15%, a before-tax cost of debt of 9%, and a tax rate of 25%. The compsny's retained earnings are adequate fo provide the cammon equity portion of its capital budget. Its expected dividend next vear (O1) is $3, and the current stock phice is 533. a. What is the company's expected growth rate? Do not round intermedlate colculations, Round your answer to two decimal plice: b. If the firm's net income is expected to be $1.3 bilion, what portion of its net income is the firm evpected to pay out as dividehits? bo not round intermediate colculabons, Round your answer to two docimal places. (Hint. Refer to fquation besow.) Growth rate =(1 Piyyout ratie)poe