Domino's Pizza Enterprises (DMP) is Australia's largest chain of pizza restaurants, and is the largest franchisee for the Domino's Pizza brand in the...

Domino's Pizza Enterprises​ (DMP) is​ Australia's largest chain of pizza​ restaurants, and is the largest franchisee for the​ Domino's Pizza brand in the world. In​ 2014, the company paid total cash dividends of $26,067,000 and had net profit of

​$45,296,000.

a. What was the​ firm's dividend payout​ ratio?

b. If Dominos were to earn ​$53 million in 2015 and maintained the same dividend payout ratio that it paid in​ 2014, what would the​ firm's dividends​ be?