Use the Following Information for Questions

Multiple Choice

Use the following information for questions
During 2022, Amazing Corp.reported after-tax net income of $900,000 and paid $175,000 in common dividends.The weighted average number of common shares issued in 2022 was 200,000.There are no preferred shares issued.At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
-Amazing's payout ratio for 2022 is

A) $1.00.
B) 5.6%.
C) 22.2%.
D) 19.4%.