Transcribed image text: Question 15 1 pts Dividend Payout Ratio. Components Manufacturing Corporation (CMC) has 200,000 shares of $2 par value common stock outstanding. When CMC's founder, who was also its research director and most successful inventor, retired unexpectedly last year, CMC was left suddenly and permanently with significantly lower growth expectations. If the existing 20 percent Dividend Payout Ratio continues, it will be from Net Income expectations of $2 million this year. But dramatically changed circumstances compel CMC to review its dividend policy. Assume you are a Treasury Analyst asked to determine the following: (1) What dollar amount will be paid in dividends this year if the firm mantains its 20% Dividend Payout Ratio. (2) What would Net Income be if the same dividend amount continued, but it led to doubling the Dividend Payout Ratio to 40%? $60,000 Dividend Amount: $80,000 Net Income $40,000 Dividend Amount: $80,000 Net Income $60,000 Dividend Amount: $100,000 Net Income $40,000 Dividend Amount: $100,000 Net Income