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N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.62 of their Net Income as Retained

N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.62 of their Net Income as Retained Earnings?

(Round to nearest penny and do not enter commas, e.g. 1234.56)

2015 Income Statement
Revenue 206569
Costs 78276
Depreciation 15596
Ebit
Interest Expense 14069
Taxable Income
Tax Expense @ 22%
Net Income

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