The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets and accounts payable increase spontaneously with sales. CROSBY, INC 2017 Income Statement Sales Costs Other expenses $748,000 583,000 19,000 Earnings before interest $146,000 and taxes Interest paid 15,000 Taxable income Taxes (25%) $131,000 32,750 Net income $ 98,250 $29,475 Dividends Addition to retained 68,775 earnings CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities $20,740 Accounts payable $54,900 Cash Accounts receivable 43,680 Notes payable 14,100 $ 69,000 $131,000 Inventory 92,960 Total Total 157,380 Long-term debt Fixed assets Owners' equity Net plant and Common stock and paid-in $ 115.000 266,380 $381,380 581,380 $424,000 surplus equipment Retained earnings Total $581380equity Total liabilities and owners' Total assets Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory Accounts payable Notes payable Total Long-term debt Owners' equity Total Fixed assets Common stock and paid-in surplus Retained earnings Net plant and equipment Total Total assets Total liabilities and owners' equity What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EFN