Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2012 Sales $800 Costs 150 Interest 30 Taxes 100 Net income $520 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 Assets $2,500 $2,800 Debt $ 700 $800 1,800 2,000 Equity Total $2,500 $2,800 Total $2,500 $2,800 a. Find Eagle's required external funds if it maintains a dividend payout ratio of 60% and plans a growth rate of 15% in 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.) External fund b-1 If Eagle chooses not to issue new shares of stock, what variable must be the balancing item? Debt Interest Dividends b-2 What will its value be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value c. Now suppose that the firm plans instead to increase long-term debt only to $900 and does not wish to issue any new shares of stock. What will be the value of dividend payment now? Value $