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Hill Country Pools, Inc., had after-tax earnings of $750,000 and paid out dividends of $325,000. There are 275,000 shares of Hill Country Pools common stock outstanding with a current market value of $27 a share and no preferred stock. What is the dividend payout ratio for this company?

A) 85 percent

B) 43 percent

C) 37 percent

D) 10 percent

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