Chicago Brewing Has the Following Data,dollars in Thousands $$\begin{array} { l r } \text { Capital budget } & \$ 5,800 \\\% \text { Debt } & 40 \% \\\text { Net income (NI) } & \$ 8,000\end{array}$$

Multiple Choice

Chicago Brewing has the following data,dollars in thousands.If it follows the residual dividend model,what will its dividend payout ratio be? $$\begin{array} { l r } \text { Capital budget } & \$ 5,800 \\\% \text { Debt } & 40 \% \\\text { Net income (NI) } & \$ 8,000\end{array}$$
?

A) 68.93%
B) 56.50%
C) 55.37%
D) 44.07%
E) 46.90%