Calculating EFN. The most recent financial statements for Scott, Inc., appear below: Sales for 2020. are projected to grow by 20 percent. Interest expense will remain con- - stant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. If the firm is operating at full capacity and external financing is needed to support the 20 percent growth rate in sales? SCOTT, INC. * 2019 Income Statement Sales Costs Other expenses Earnings before interest and taxes. Interest expense Taxable income Taxes (22%) Net Income Dividends Addition to retained earnings $891,600 727,900 18,240 $145,460 - 13,400 $132,060 29,053 $103,007 $36,224 66,783 SerSCOTT, INC. Balance Sheet as of December 31, 2019 A Assets Llabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Total $ 24,280 37,070 83,400 $144,750 $ 65,200 16,320 $ 81,520 $ 155,000 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Fixed assets Net plant and equipment $396,500 $130,000 174,730 $304,730 $541,250 Total assets $541,250