Tito Corporation had net income of $2.000,000 and paid dividends to common stockholders of $300,000 in 2017. The weighted average number of shares outstanding in 2017 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAC. Tito Corporation's payout ratio for 2017 is 1) $5 per share. 2) 1296. 3) 15%. 4) 7%