Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement
Sales					$	47,900
Costs						33,900
Taxable income					$	14,000
Taxes (22%)						3,080
Net income					$	10,920
Dividends	$	2,508
Addition to retained earnings		8,412

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION Balance Sheet
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	2,200		Accounts payable	$	4,000
Accounts receivable		5,000		Notes payable		5,100
Inventory		8,000		Total	$	9,100
Total	$	15,200		Long-term debt	$	22,000
				Owners equity
Fixed assets				Common stock and paid-in surplus	$	18,000
Net plant and equipment	$	36,600		Retained earnings		2,700
				Total	$	20,700
Total assets	$	51,800		Total liabilities and owners equity	$	51,800

Prepare a pro forma balance sheet, assuming an increase in sales of 13 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)