Problem $30-24$ Forecast growth rates

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 $2023.$ The tax rate will

remain constant.

a$.$ Assume that the dividend payout ratio is fixed at $50\%$ and the equity$-$to$-$asset ratio is fixed at two$-$thirds. What is the internal

growth rate for $2023?$

b$.$ What is the sustainable growth rate for $2023?$

Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.