Check my wol The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 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 Costs Other expenses $763,000 619,000 29,000 Earnings before interest and taxes Interest paid $ 115,000 14,000 Taxable income Taxes (25%) $ 101,000 25,250 Net income $ 75,750 Dividends Addition to retained earnings $26,240 49,510 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,240 Accounts payable $ 61,400 Accounts receivable 34,660 Notes payable 17,600 Inventory 71,420 Total $ 79,000 CRUSEST, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,240 Accounts payable $ 61,400 Accounts receivable 34,660 Notes payable 17,600 Inventory 71,420 Total $ 79,000 Total $ 131,320 Long-term debt $ 111,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 110,000 Net plant and equipment $220,000 51,320 Total $ 161,320 Total assets $ 351,320 Total liabilities and owners' equity $351,320 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not intermediate calculations and round your answer to the nearest whole dollar am e.g., 32.) EFN