oloolo K nt: Homework: Chapter 14 Asigsamt Seare 000% Save Submit Asignment for Grading Problem 14-01 (Residual Distribution Model) Oarstion 1 af 5 a Check My Wark eBook Problem Walk-Through Residual Distribution Model OPuckett Products is planning for $4 milion in capital expenditures next year. Puckett's target capital structure consists of 70% debt and 30 % equty . 1f net income next year is $2 milion and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places % Check My Wark 11.00 Ecer