Question: The United Artificial Intelligence, Inc. (NYSE: UAI) expects next years net income to be $20 million. UAIs debt ratio is currently 50%. UAI has $15

The United Artificial Intelligence, Inc. (NYSE: UAI) expects next years net income to be $20 million. UAIs debt ratio is currently 50%. UAI has $15 million profitable investment opportunities, and it wishes to maintain its current debt ratio. According to the residual distribution model (assuming all payments are in the form of dividends), how large should UAIs dividend payout ratio be next year?

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