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Lucas incorporated earned $15 malion last year and retained $4 million. Lucas has 5 million shares outstanding. and the current price of Lucas shares is

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Lucas incorporated earned $15 malion last year and retained $4 million. Lucas has 5 million shares outstanding. and the current price of Lucas shares is $40 per share. What is the dividend payout ratio? Note: Round your answer to the nearest whole percent. Multiple Choice 68% 78% 76% 73%

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