Hans Marigold, president of Marigold Corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $570,000, and the corporation paid $108,300 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,420,000. Hans expects next year's net income to be about $670,000. What was Marigold Corp's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? Payout ratio-last year Dividends paid this year