The Wei Corporation expects next years net income to be $6,705,972. The firms debt ratio is currently 31.0%. Wei has $7,534,800 of profitable investment opportunities, and it wishes to maintain its existing debt ratio. According to the residual distribution model (assuming all payments are in the form of dividends), how large should Weis dividend payout ratio be next year?

		20.41%
		22.47%
		24.39%
		50.00%
		39.22%