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Suppose a firm pays total dividends of $1,240,000 out of a net income of $8 million. What would the firm's payout ratio be? a. 14.6

Suppose a firm pays total dividends of $1,240,000 out of a net income of $8 million. What would the firm's payout ratio be?

a. 14.6 %

b. 15.5 %

c. 12.5 %

d. 18.3 %

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