The most recent financial statements for Crosby, Inc., follow Sales for 2018 are projected to grow by 30 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 $773,000 629,000 34,000 Earnings before interest and taxes Interest paid $ 110,000 18,000 Taxable income Taxes (25%) $ 92,000 23,000 Net income $ 69,000 Dividends Addition to retained earnings $19,240 49,760 CROSBY, INC Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,240 Accounts payable $ 65,400 Accounts receivable 35,760 Notes payable 20,600 Inventory 72,320 Total $ 86,000 Total $ 134,320 Long-term debt $ 121,000 Owners' equity Common stock and paid-in Surplus $230,000 Retained earnings Fixed assets Net plant and equipment 120.000 37,320 Total $ 157,320 Total assets $364 320 Total liabilities and owners equity $364,320 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... 32)