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Please solve parts a and b using excel. Thank you. The financial statements of Eagle Sport Supply are shown in the table below. For simplicity,

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Please solve parts a and b using excel. Thank you.

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The financial statements of Eagle Sport Supply are shown in the table below. For simplicity, "Costs" include interest. Assume that Eagle's assets are proportional to its sales. Assume a growth rate of 20% in revenue, expenses, and assets in 2020. The tax rate will remain constant. Income Statement Sales $1, 150 Costa 350 Pretax income 800 Taxes (at 30.08) 240 Net income 560 Balance Sheet, Year-End 2019 2018 2019 2018 Net assets $3, 200 $2,900 Debt $ 1, 100 $1,000 Equity 2, 100 1,900 Total $ 3, 200 $ 2,900 Total $ 3, 200 $2,900 a. Assume that the dividend payout ratio is fixed at 50% and the equity-to-asset ratio is fixed. What is the internal growth rate for 2020? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) nternal growth rate b. What is the sustainable growth rate for 2020? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Sustainable growth rate

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