Ripper Filtration Inc. designs domestic water filters that remove fluoride. Selected financial data is provided in the table below. Ripper is trying to set the dividend for the Year 2 using the target payout model
Selected Financial Information
Ripper Filtration Inc.
Dividend per share (Year 1 ) $0.55
Target payout ratio 20%
Earnings per share (Year 1 ) $1.80
Earnings per share (Year 2 ) $2.45
Adjustment Factor 1
A) $0.55
B) $0.57
C) $0.59
D) $0.64
E) $0.68
E
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