13 Use the following financial statements for Lake of Egypt Marina, Inc. 5 points 2021 2020 Soped $ 44 $ 47 Prim LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 93 $ 61 Accrued wages and taxes Accounts receivable 123 118 Accounts payable Inventory 208 198 Notes payable Total $424 $377 Total Fixed assets: Long-term debt: Gross plant and equipment $588 $479 Stockholders' equity: Less: Depreciation 130 Preferred stock (5 million 184 shares) Conmon stock and paid in Surplus Net plant and equipment $458 $375 (65 million shares) Other long-term assets 54 53 Retained earnings Total $512 5428 Total Total assets $936 $805 Total liabilities and equity 94 84 $222 $304 84 74 $205 $284 References 55 65 340 $410 $936 65 246 $316 $805 13 5 points Soped LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales (all credit) $ 555 $ 472 Less: Cost of goods sold 250 195 Gross profits $ 305 $ 277 Less: Other operating expenses 34 29 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 271 248 Less: Depreciation 26 24 Earnings before interest and taxes (EBIT) $ 245 $ 224 Less: Interest 37 34 Earnings before taxes (EBT) $ 208 $ 190 Less: Taxes 44 57 Net income $164 133 tess: Preferred stock dividends $ $ Net income available to common stockholders $ 159 $ 128 Less: Common stock dividends 65 65 Addition to retained earnings $ 94 $ Per (common) share data: Earnings per share (EPS) $2.446 $1.969 Dividends per share (DPS) $1.000 $1.000 Book value per share (BVPS) $6.231 $4.785 Market value (price) per share (MVPS) $15.00 $12.80 Print 5 5 Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Internal growth rate Sustainable growth rate