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The Hawaiian Corporation expects this year's net income to be $12 million. The firm's target debt/assets ratio is 30%. This year, Hawaiian has $20 million

The Hawaiian Corporation expects this year's net income to be $12 million. The firm's target debt/assets ratio is 30%. This year, Hawaiian has $20 million profitable investment opportunities. According to the residual dividend policy, what should be Hawaiian's dividend payout ratio this year?

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