Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 83 $ 54 Accrued wages and taxes 137 132 Accounts payable 222 212 Notes payable $442 $398 Total Long-term debt: $602 $493 Stockholders' equity: 144 111 Preferred stock (5 million shares) Common stock and paid-in surplus $458 $382 (65 million shares) 61 60 Retained earnings $519 $442 Total $961 $840 Total liabilities and equity $ 51 101 91 $243 $311 $ 54 91 81 $226 $291 $ 5 $ 5 Net plant and equipment Other long-term assets Total 65 337 $407 65 253 $323 $840 Total assets $961 2017 $ 542 230 $ 312 36 $ $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 625 Less: Cost of goods sold 285 Gross profits $ 340 Less: Other operating expenses 41 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 299 Less: Depreciation 33 Earnings before interest and taxes (EBIT) $ 266 Less: Interest 44 Earnings before taxes (EBT) $ 222 Less: Taxes 68 Net income $ 154 Less: Preferred stock dividends $ 5 Net income available to common stockholders $ 149 Less: Common stock dividends 65 Addition to retained earnings $ 84 Per (common) share data: Earnings per share (EPS) $2.292 Dividends per share (DPS) $1.000 Book value per share (BVPS) $6.185 Market value (price) per share (MVPS) $15.35 276 31 245 41 204 66 $ $ $ 138 5 $ $ 133 65 68 $ $2.046 $1.000 $4.892 $13.15 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 : %