In the previous problem, suppose the firm was operating at only 85 percent capacity in 2016. What is EFN now?

Data from previous problem

RETRO MACHINE INC2016 Income StatementSales......................................................................$594,600Costs........................................................................462,700Other expenses........................................................12,200Earnings before interest and taxes....................$119,700Interest paid................................................................8,960Taxable income.....................................................$110,740Taxes (35%).................................................................38,759Net income...............................................................$ 71,981Dividends..................................................................$ 28,792Addition to retained earning.....................................43,189

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RETRO MACHINE, INC Balance Sheet as of December 31, 2016 ASSETS LIABILITIES AND OWNERS' EQUITY Current assets Current liabilities Cash $ 17,070 Accounts payable $ 45,900 Accounts receivable 24,560 Notes payable 11,480 $ 57,380 58,650 $100,280 Inventory Total Total Long-term debt $106,000 Fixed assets Owners' equity Net plant and equipment $278,780 Common stock and paid-in surplus $ 95,000 Accumulated retained earnings 120,680 Total $215,680 Total assets $379,060 Total liabilities and owners' equity $379,060