Information from the Financial Statements Is Provided in the Following

Information from the financial statements is provided in the following table:
$\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\\\text { Net income } & \$ 150,000 & \$ 120,000 \\\text { Cash dividends paid on preferred shares } & 15,000 & 15,000 \\\text { Cash dividends paid on common shares } & 42,000 & 38,000 \\\text { Average number of preferred shares outstanding } & 20,000 & 20,000 \\\text { Average number of common shares outstanding } & 105,000 & 95,000 \\\text { Market price per share of common shares at year end } & 25.10 & 22.70\end{array}$
-Refer to the figure Randstad Inc.What is the dividend payout ratio for Year 2?

A) 10%
B) 28%
C) 32%
D) 38%