Your companys optimal (and current) capital structure is 50 percent equity and 50 percent debt. Its earnings before interest and taxes (EBIT) are projected to be $34.667 million for the year. The company has $200 million of assets; its average interest rate on outstanding debt is 10 percent; and its tax rate is 40 percent. Your company has decided that its capital budget during the coming year will be $20 million. If it follows the residual dividend policy and maintains the same capital structure, what will its dividend payout ratio be? Question 10 options: 32.43% 42% 37.5% 25%