Question 1 (5 points) Jane's Strawberry Jams (JSJ) earned $500,000 this year. The company follows the residual dividend policy when paying dividends. JSJ has determined that it needs a total of $600,000 for investment in capital budgeting projects this year. If the company's debt/asset ratio is 40 percent, what will its dividend payout ratio be this year? JSJ has no preferred stock. 72% 48% 40% 28%