Problem 18-16 Feasible Growth Rates (LO3) Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2019 Sales $ 850 Costs 160 Interest 40 Taxes 110 Net income $ 540 BALANCE SHEET, YEAR-END 2018 2019 3,000 $ 3,300 Debt Assets S $ Equity 2018 1,000 2,000 3,000 2019 $ 1,100 2,200 3,300 Total 3,000 S 3.300 Total 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.) Internal growth rate b. What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Sustainable growth rate % Problem 18-16 Feasible Growth Rates (LO3) Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2019 Sales $ 850 Costs 160 Interest 40 Taxes 110 Net income $ 540 BALANCE SHEET, YEAR-END 2018 2019 3,000 $ 3,300 Debt Assets S $ Equity 2018 1,000 2,000 3,000 2019 $ 1,100 2,200 3,300 Total 3,000 S 3.300 Total 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.) Internal growth rate b. What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Sustainable growth rate %