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Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2015 and 2014

Use the following financial statements for Lake of Egypt Marina, Inc.

LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars)
2015 2014 2015 2014
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 73 $ 64 Accrued wages and taxes $ 41 $ 44
Accounts receivable 117 112 Accounts payable 91 81
Inventory 202 192 Notes payable 81 71
Total $ 392 $ 368 Total $ 213 $ 196
Fixed assets: Long term debt: $ 301 $ 281
Gross plant and equipment $ 582 $ 473 Stockholders equity:
Less: Depreciation 124 101 Preferred stock (5 million shares) $ 5 $ 5
Common stock and paid-in surplus (65 million shares) 65 65
Net plant and equipment $ 458 $ 372 Retained earnings 317 243
Other long-term assets 51 50
Total $ 509 $ 422 Total $ 387 $ 313
Total assets $ 901 $ 790 Total liabilities and equity $ 901 $ 790

LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars)
2015 2014
Net sales (all credit) $ 525 $ 442
Less: Cost of goods sold 235 180
Gross profits $ 290 $ 262
Less: Other operating expenses 31 26
Other operating expenses

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

$ 259 $ 236
Less: Depreciation 23 21
Earnings before interest and taxes (EBIT) $ 236 $ 215
Less: Interest 34 31
Earnings before taxes (EBT) $ 202 $ 184
Less: Taxes 58 56
Net income $ 144 $ 128
Less: Preferred stock dividends $ 5 $ 5
Net income available to common stockholders $ 139 $ 123
Less: Common stock dividends 65 65
Addition to retained earnings $ 74 $ 58
Per (common) share data:
Earnings per share (EPS) $ 2.138 $ 1.892
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 5.877 $ 4.738
Market value (price) per share (MVPS) $ 14.85 $ 12.65

Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Internal growth rate %
Sustainable growth rate %

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