EFN and growth: Refer to Exhibits 19.10 and 19.11 in the text. The EFNs for several growth rates for Empire Enterprises are as follows:

Growth Rate (%) EFN ($ millions)

0% −$4.8 5 −2.3 9.6 0.0 10 0.2 15 2.7 20 5.2 Check the calculations and plot the line to replicate the graph in Exhibit 19.11.