Wildhorse Corporation had the following information in its financial statements for the years ended $2025$ and $2026$:

Cash dividends for the year $2026$ $$10100$

Net income for the year $202692900$

Market price of stock, $\frac{12}{31}\frac{?}{25}$

$10$

Market price of stock, $\frac{12}{31}\frac{?}{26}$

$12$

Common stockholders' equity, $12/31/25{1599000}_{?}$

Common stockholders' equity, $12/31/261988000$

Outstanding shares, $\frac{12}{31}\frac{?}{26}$

$158000$

Preferred dividends for the year $2026$

$15500$

What is the payout ratio for Wildhorse Corporation for the year ended $12/31/2026?$

$10\mathrm{.}9\%$

$16\mathrm{.}7\%$

$13\mathrm{.}0\%$

$18\mathrm{.}7\%$