Chicago Brewing Has the Following Data, Dollars in Thousands $$\begin{array} { l r } \text { Capital budget } & \$ 5,000 \\\% \text { Debt } & 45 \% \\\text { Net income (NI) } & \$ 5,300\end{array}$$

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? $$\begin{array} { l r } \text { Capital budget } & \$ 5,000 \\\% \text { Debt } & 45 \% \\\text { Net income (NI) } & \$ 5,300\end{array}$$

A) 48.11%
B) 50.52%
C) 55.57%
D) 61.13%
E) 67.24%