Sasol Ltd expects to have net income of R6460346 during the next year. Sasol's target capital structure is 50 percent debt and 50 percent equity. The company's director of capital budgeting has determined that the optimal capital budget for the coming year is R12695900. If Sasol follows a residual distribution policy (with all distributions in the form of dividends) to determine the coming year's dividend, then what is Sasol's payout ratio? %