1 12.5 points The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, fixed assets, and accounts payable Increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales $762,000 Costs 618,000 Other expenses 28,500 Earnings before Interest $ 115,500 and taxes Interest pald 13,600 eBook Print Taxable income Taxes (24%) $ 101,900 24,456 References Net Income $ 77,444 Dividends Addition to retained earnings $26.940 50,504 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 25,140 Accounts payable $ 61,000 Accounts recelvable 34,550 Notes payable 17,300 Inventory $ 78,300 Total $ 110,000 71,330 Total $ 131,020 Long-term debt Owners' equity Common stock and paid-in surplus $ 219,000 Retained earnings $ 109,000 Fixed assets Net plant and equipment 52,720 Total $ 161,720 Total assets $350,020 Total liabilities and owners' equity $350,020 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round Intermedlate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) EFN