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Lucas Inc. earned $20 million last year and retained $7 million. Lucas has 11 million shares outstanding, and the current price of Lucas shares is

Lucas Inc. earned $20 million last year and retained $7 million. Lucas has 11 million shares outstanding, and the current price of Lucas shares is $25 per share. What is the dividend payout ratio? (Round your answer to the nearest whole percent.) Multiple Choice O 68% 70% 65%

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