Saved 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 $980,760 792,960 20,060 Earnings before interest and taxes Interest paid $ 167,740 14,740 Taxable income Taxes (21%) $153,000 32,130 Net income $ 120,870 Dividends Addition to retained earnings $39,250 81,620 Assets Current assets Cash Accounts receivable CROSBY, INC. Balance Sheet as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 27,920 Accounts payable $ 42,630 Notes payable Inventory 71,720 17,620 95,910 Total Total $ $ 166,460 89,340 Long-term debt $ 170,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus Retained earnings $ 455,986 $ 140,000 223,100 Total 109 Assets Current assets Cash Accounts receivable CROSBY, INC. Balance Sheet as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 27,920 Accounts payable $ 42,630 Notes payable 71,720 17,620 Inventory 95,910 Total $ 89,340 Total $ 166,460 Long-term debt Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus Retained earnings $ 170,000 I $ 140,000 223,100 $ 455,980 Total $ 363, 106 Total assets $ 622,440 Total liabilities and owners' equity $ 622,440 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations.) EFN