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3 Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. 2017 Sale Costs Interest Taxes Net income

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3 Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. 2017 Sale Costs Interest Taxes Net income $1,150 220 30 170 730 nts BALANC YEAR-END SHEET, 2017 2016 $ 3,2003,500 Debt 2016 $1,400 2017 $ 1,5 2,000 Assets Equity Hint a Find Eagle's required external funds if t maintains a d dend payout ratio of 70% and plans a growth rate of 20% in 2018. Do not round intermediate calculations. Round your answer to 2 decimal places) Print funding need b. If Eagle chooses not to issue new shares of stock, what variable must be the balancing item? O Debt O Interest O Dividends O Retained earnings c. What will be the value of this balancing item? (Do not round intermediate calculations. Round your answer to 2 declmal places.)

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