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Eagle Sports Supply has the following financial statements. Assume that Eagles assets are proportional to its sales. INCOME STATEMENT, 2019 Sales $ 900 Costs 170

Eagle Sports Supply has the following financial statements. Assume that Eagles assets are proportional to its sales.

INCOME STATEMENT, 2019
Sales $ 900
Costs 170
Interest 50
Taxes 120
Net income $ 560

BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 3,150 $ 3,450 Debt $ 1,050 $ 1,150
Equity 2,100 2,300
Total $ 3,150 $ 3,450 Total $ 3,150 $ 3,450

a. What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 60% and the equity-to-asset ratio is fixed at 2/3? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b. What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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