Question: ABC Inc. has the following data, dollars in thousands. If it follows the residual dividend model, what will its dividend payout ratio be ? Answer

ABC Inc. has the following data, dollars in thousands. If it follows the residual dividend model, what will its dividend payout ratio be?
Answer just the number without the % sign. Round to two decimal places.
Capital budget
$6,700
% Debt
45%
Net income (NI)
$7,250

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