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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

The financial statements of Eagle Sport Supply are shown in the table below. For simplicity, Costs include interest. Assume that Eagles assets are proportional to its sales. Assume a growth rate of 35% in revenue, expenses, and assets in 2023. The tax rate will remain constant.
Income Statement
Sales $ 3,950
Costs 1,750
Pretax income $ 2,200
Taxes (at 40.0%)880
Net income $ 1,320
Balance Sheet, Year-End
2022202120222021
Net assets $ 6,000 $ 5,700 Debt $ 2,500 $ 2,400
Equity 3,5003,300
Total $ 6,000 $ 5,700 Total $ 6,000 $ 5,700
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?
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.

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