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 pald $ 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 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 recevable 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 pald-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 round Intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) X Answer is complete but not entirely correct. EFN $ (2.802)