Problem 18-12 Using Percentage of Sales (LO2) Eagle Sports Supply has the following financial statements. Assume that Eagles assets are proportional to its sales.

Problem 18-12 Using Percentage of Sales (L02) Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales INCOME STATEMENT, 2017 Sales Costs Interest Taxes Net income 800 150 30 100 $520 BALANCE SHEET, YEAR-END 2016 $2,500 2017 $2,800 2016 2017 $700 800 1,800_2,000 s 2,500 21800 Assets Debt Total $ 2,500 $ 2,800 Total a. Find Eagle's required external funds if it maintains a dividend payout ratio of 60% and plans a growth rate of 15% in 2018. (Do not round intermediate calculations. Round your answer to 2 decimal places.) External funding need