22. Silvana Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also maintains its target capital structure, what will its payout ratio be? $2,000,000 Capital budget % Debt $850,000 30% EBIT Interest rate 15% Debt outstanding Shares outstanding a. 37.2 % 70% $5,000,000 5,000,000 % Equity Tax rate 40% 7150s15 75UF-9ASLKS b. 29.1% OVE0,G1X.ne .4x A1250,00-5uk 75400NL c. 20.7% 0Ok 1ares d. 43.3% e. 35.5%