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I keep getting the EFN wrong. Help please. The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant; the tax

I keep getting the EFN wrong. Help please.
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The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant; 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. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $761,000 617,000 28,000 Earnings before interest and taxes Interest expense $ 116,000 13,200 Taxable income Taxes (23%) $102,800 23,644 Net income $ 79,156 Dividends Addition to retained earnings $38,340 40,816 SCOTT.INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,040 Accounts payable $ 60,600 Accounts receivable 34,440 Notes payable 17,000 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,040 Accounts payable $ 60,600 Accounts receivable 34,440 Notes payable 17,000 Inventory 71,240 Total $ 77,600 Total $130,720 Long-term debt $109,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $104,000 $218,000 58,120 Total $ 162,120 Total assets $348,720 Total liabilities and owners' equity $348,720 Complete the pro forma income statements below. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Pro Forma Income Statement 15% Sales Growth 20% Sales Growth 45% Sales Growth $ 875,150 $ 913,200 $ 1,103,450 Sales Prey 4 of 10 IR Ney 15% Sales Growth 20% Sales Growth 45% Sales Growth $ $ Sales Costs Other expenses EBIT Interest expense Taxable income Taxes (23%) Net income Dividends Add to RE 875,150 $ 709,550 32,200 133,400 $ 13,200 120,200 $ 27,646 92,554 $ 44,829 $ 47,725 913,200 $ 740,400 33,600 139,200 $ 13,200 126,000 $ 28,980 97,020 $ 46,993 $ 50,027 1,103,450 894,650 40,600 168,200 13,200 155,000 35,650 119,350 57,808 61,542 Calculate the EFN for 15, 20 and 45 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) 15% 20% 45% EFN $ 0

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