From the end of Chapter 13, complete Study Problems 13-1 and 13-2 and post the answers to the discussion board. Remember to complete all parts of the…

From the end of Chapter 13, complete Study Problems 13-1 and 13-2 and post the answers to the discussion board. Remember to complete all parts of the problem and report the results of your analysis. Do not forget to show the necessary steps and explain how you attained that outcome.Please find the website that goes alongside the textbook listed below:http://wps.prenhall.com/bp_keown_fof_7/144/37020/9477271.cw/index.html13-1. What is meant by the term dividend payout ratio?13-2. Explain the trade-off between retaining internally generated funds and paying cash dividends.PLEASE SHOW ALL STEPS NEED TO REACH OUTCOME

DATA:Year Profits after taxes 12345 $18,000,000.00$21,000,000.00$19,000,000.00$23,000,000.00$25,000,000.00$106,000,000.00 Outstanding shares7500000.00Div Payout Ratio40%Stable…