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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 $ 1,600 Costs 310

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

INCOME STATEMENT, 2019
Sales $ 1,600
Costs 310
Interest 50
Taxes 260
Net income $ 980

BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 5,250 $ 5,550 Debt $ 1,750 $ 1,850
Equity 3,500 3,700
Total $ 5,250 $ 5,550 Total $ 5,250 $ 5,550

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? (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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