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, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $764,000 620,000 29,500 Earnings before interest and taxes Interest paid $ 114,500 14,400 Taxable income Taxes (21%) $ 100,100 21,021 Net income $ 79,079 Dividends Addition to retained earnings $25,540 53,539 Current assets Cash Accounts receivable $ 25,340 34,770 Current liabilities Accounts payable Notes payable $ 61,800 17,900 Inventory 71,510 Total $ 79,700 Total $ 131,620 Long-term debt $ 112,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in $111.000 surplus Retained earnings 49,920 $ 221,000 Total $ 160,920 Total assets $352,620 Total liabilities and owners' equity $352,620 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.) EFN