Pharoah Corporation had the following information in its financial statements for the years ended $2025$ and $2026$:

Common stockholders' equity, $\frac{12}{31}\frac{?}{25},1573000$

Common stockholders' equity, $12/31/261978000$

Outstanding shares, $\frac{12}{31}\frac{?}{26}$

Preferred dividends for the year $2026,14300$

What is the payout ratio for Pharoah Corporation for the year ended $12/31/2026?$

$12\mathrm{.}6\%$

$17\mathrm{.}1\%$

$10\mathrm{.}7\%$