Petersen Co. has a capital budget of $912. The company wants to maintain a target capital structure that is 59 percent debt and remaining percent is equity. The company forecasts that its net income this year will be $1,013. If the company follows a residual distribution policy (with all distributions in the form of cash dividends), what will be its payout ratio? Enter your answer to the nearest. 1%. Enter your answer as a whole number, thus 25.1% would be 25.1 not 251 . Do not use % signs in your