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The YYY Company expects this year's net income to be $10 million. The firm's debt/assets ratio is 25%. This year, YYY Company has $15 million

The YYY Company expects this year's net income to be $10 million. The firm's debt/assets ratio is 25%. This year, YYY Company has $15 million profitable investment opportunities. According to the residual dividend policy, what should be YYY Company's payout ratio for this year?

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