Purple Hedgehog Forestry Company is expected to generate $$140,000,000$ in net income over the next year. Purple Hedgehog Forestry has forecasted a capital budget of $$83,000,000,$ and it wishes to maintain its current capital structure of $70\%$ debt and $30\%$ equity.

If the company follows a strict residual distribution policy and makes distributions in the form of dividends, what is its expected dividend payout ratio for this year?

$69\mathrm{.}88\%$

$82\mathrm{.}21\%$

$57\mathrm{.}55\%$

$73\mathrm{.}99\%$