URCES Brief Exercise 11-11 al Hans Martinez, president of Martinez 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 $580,000, and the corporation paid $110,200 individends. This year, due to some unusual circumstances, the corporation had income of $1,430,000. Hans expects rext year's niet income to be about 5680.000 What was Martinez Corp's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would pay this year? (Round answers to decimal places, eg. 125.) Payout ratio-last year Dividends paid this year