*Please show calculations

Swifty Corporation had the following information in its financial statements for the years ended 2017 and 2018:

Cash dividends for the year 2018

$ 10000

Net income for the year ended 2018

110000

Market price of stock, 12/31/17

8

Market price of stock, 12/31/18

10

Common stockholders' equity, 12/31/17

900000

Common stockholders' equity, 12/31/18

1190000

Outstanding shares, 12/31/18

99300

Preferred dividends for the year ended 2018

10000

What is the payout ratio for Swifty Corporation for the year ended 2018?

23.6%

10.0%

16.1%

9.1%