Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales Sales Costs Interest Taxes INCOME STATEMENT, 2012 $1,150 220 30 170 Net income $ 730 BALANCE SHEET, YEAR-END 2011 2011 2012 $1,400 $1,500 1,800 2,000 2012 Assets $3,200 $3,500 Debt Equity Total $3,200 $3,500 Total $3,200 $3,500 a. Find Eagle's required external funds if it maintains a dividend payout ratio of 70% and plans a growth rate of 20% 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 $1,600 and does not wish to issue any new shares of stock. What will be the value of dividend payment now? Value