Stargell industries follows a strict residual divdend policy. the company has a captial budge of $3,000,000. It has a target capital structure which consists of 30 percent debt and 70 percent equity. The company forcasts that its net income will be $3,500,000. what wil be the companys payout ratio this year

Stargell Industries follows a strict residual dividend policy. The company has a capital budget of $3,000,000. It has a target capital structure which consists of 30 percent debt and 70 percent equity. The company forecasts that its net income will be $3,500,000. What will be the company's payout ratio this year? 25% 30% 35% 40% 45%