WW Transport & Logistics Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also applies its target capital structure, what will its payout ratio be? $345,000 $150,000 Interest rate 8% EBIT Capital budget % Debt % Equity Tax rate 30% Debt outstanding 70% $300,000 Shares outstanding 2,000,000 1) 39.10% 2) 33.00% 3) 49.91% 35% 4) 72.11% 5) 41.20%