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Check My Work (3 remaining) Kahn Inc. has a target capitaf structure of 55% common equity and 45% debt to fund its 59 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 12%, a before-tax cost of debt of 9%, and a tax rate of 25%. The company's retained earnings are adequate to provide the common equity portion of its capital budget. Its: expected dividend next year (D1) is $3, and the current stock price is $33. a. What is the company's expected growth rate? Do not round intermediate calculations, Round your answer to two decimal places: ric b. If the finn's net income is expected to be $1.8 bilion, what portion of its net income is the firm expected to pay out as dividends? Po not round intermediate calculations. Round your answer to two decimal places. (Hint: Refer to Equation below) Growth rate =(1 Payout ratio) ROE o. 6