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Portland Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $12,000 %

Portland Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio?

Capital budget	$12,000
% Debt	40%
Net income (NI)	$13,600

a. 47.06%

b. 48.47%

c. 51.29%

d. 45.18%

e. 37.18%

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