a) What is Lakehead Manufacturing Inc.'s Internal Growth Rate? b) What is Lakehead Manufacturing Inc.'s Sustainable Growth Rate? Lakehead Manufacturing Inc. 2021 Statement of Comprehensive Income Net sales 9000 Cost of Good sold -4000 Depreciation -500 Earning before interest and taxes 4500 Interest paid -1500 Taxable income 3000 Taxes (at 40%) Net income Dividends paid(50% payout Ratio) Addition to retained earning 50% 900 900 -1200 1800 Lakehead Manufacturing Inc. 2021 Statement of Financial Position as of Dec 31, 2021 and 2020 2020 2020 2021 2020 Cash 400 200 Account payable 1600 1000 Accounts rec. 3500 2200 Notes Payables 2000 1600 Inventory 2000 1600 Total CL 3600 2600 Total CA 5900 4000 Long term debt 8500 8000 Net fixed assets 21800 21399 Common stock 7000 7000 Retained earnings 8600 7700 Total Liabilities Total Assests 27700 25300 and owners equity 27700 25300