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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 $ 1,650 Costs 320

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

INCOME STATEMENT, 2019
Sales $ 1,650
Costs 320
Interest 60
Taxes 270
Net income $ 1,000

BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 5,400 $ 5,700 Debt $ 1,800 $ 1,900
Equity 3,600 3,800
Total $ 5,400 $ 5,700 Total $ 5,400 $ 5,700

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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