Vaughn Manufacturing had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 $ 8100 Net income for the year ended 2018 97000 Market price of stock, 12/31/17 9 Market price of stock, 12/31/18 11 Common stockholders equity, 12/31/17 1007000 Common stockholders equity, 12/31/18 1191000 Outstanding shares, 12/31/18 99600 Preferred dividends for the year ended 2018 16000 What is the payout ratio for Vaughn Manufacturing for the year ended 2018?