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Excel Online Structured Activity: Residual dividend model gresented belew: Project H (High risk): Cost of capital =16% tAR=18% Project M (Medum risk): Cosk of capital =14+4 tAR=114 Project t (tow risk): Cost of capital =7T tRe =10% Open spreadsheet If Walsh establshes its dividends from the residual dividend model, what will be its payout ratio? Round your answer to two decimal places. Excel Online Structured Activity: Residual dividend model gresented belew: Project H (High risk): Cost of capital =16% tAR=18% Project M (Medum risk): Cosk of capital =14+4 tAR=114 Project t (tow risk): Cost of capital =7T tRe =10% Open spreadsheet If Walsh establshes its dividends from the residual dividend model, what will be its payout ratio? Round your answer to two decimal places