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pharoah marble company has total assets of 1 3 3 5 0 0 0 0 sales of 1 8 6 9 0 0 0 0

pharoah marble company has total assets of 13350000 sales of 18690000 and net income of 4672500. management expects sales to grow by 25% next year. all assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65%. Calculate Pharoah's EFN.

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