Selected data from the financial statements of Rapid Sign Corporation are presented below: Current Year Prior Year Net income $110,000 $123,000 Cash dividends paid on common stock 42,000 38,000 Average number of common shares outstanding 140,000 145,000 Treasury Stock 70,000 0 Market price per share of common stock at year end 16.00 13.00 What is the total payout ratio for the current year? a. 88% b. 102% c. 30% d. 66%