3. Based on following financial statements for WoodKid Toys Inc., calculate the EFN given that firm expected sales is $9,000,000 for the next year and the company will issue new stock, increasing the number of shares outstanding from 122,000 to 145,000. Note that the new shares are expected to be traded at $4.8. Assume that cost of goods sold, operational expenses, assets and current liabilities are directly proportional to sales and interest expense is fixed. WoodKid Toys Inc. does not pay dividends. EFN = $192 Income Statement (in thousands) Sales Revenue 7,200 Cost of Goods Sold ($5,544) Gross Profit $1,656 Operational Expenses ($864) EBIT $792 Interest Expense ($125) EBT $667 Tax Expense ($173.42) Net Income $493.58