3 Problem 18-16 Feasible Growth Rates (LO3) 10 points Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2019 Skipped Sales Costs eBook Interest Taxes Net income $ 1,200 230 40 180 $ 750 BALANCE SHEET, YEAR-END 2018 2019 Assets $ 4,050 $ 4,350 Debt Print Total $ 4,050 $ 4,350 Equity Total References 2018 2019 $ 1,350 2,700 $ 1,450 2,900 $ 4,050 $ 4,350 a. What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 70% and the equity-to-asset ratio is fixed at 2/3? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. What is the sustainable growth rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. a. Internal growth rate b. Sustainable growth rate % % Check my work