42 The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 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 $758,000 Costs 614,000 Other expenses 26,500 Earnings before interest $ 117,500 and taxes Interest paid 12.000 Taxable income $ 105,500 Taxes (25%) 26,375 ces Net income $ 79,125 Dividends Addition to retained earings $29,740 49,385 CRUSEY, IL Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,740 Accounts payable $ 59,400 Accounts receivable 34,110 16.100 Notes payable Inventory 70,970 Total $ 75,500 $106,000 Total $129,820 Long-term debt $ 105,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus $215,000 Retained earnings 58,320 Total $ 163,320 $344,820 Total assets Total liabilities and owners' equity $344,820 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g. 32.) What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32) EFN