Question 11 1 pts Last year Universal Transportation retained $375,000 of the $750,000 net income it generated. This year the firm generated net income equal to $550,000. If Universal follows the constant payout ratio dividend policy, as it applies to net income paid out in dividends, how much should the firm pay in total dividends this year? $350,000 $275,000 $550,000 $150.000 $225,000