what will its dividend payout be

ABC Inc. projects the following data for the coming year. If the firm follows the residual dividend model and also mainta dividend payout ratio be? $1,275,000 EBIT 40% Interest rate $2,500,000 Capital budget 10% % Debt $6,500,000 % Equity 5,000,000 Tax rate 60% Debt outstanding Shares outstanding 25% Select one: a. 52.9% b. 52.5% C. 39.5% d. 44.9% e. 38.1% hp