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 $756,000 Costs 612.000 Other expenses 25,500 Earnings before interest and taxes Interest paid $ 118,500 11,200 Taxable income Taxes (23%) $ 107,300 24,679 Net income $ 82,621 Dividends Addition to retained earnings $31,140 51,481 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,540 Accounts payable $ 58,600 Accounts receivable 33,890 Notes payable 15,500 Inventory 70,790 Total $ 74,100 Total $ 129,220 Long-term debt $ 104,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus Retained earnings $ 103,000 $ 213,000 61,120 Total $ 164,120 Total assets $342,220 Total liabilities and owners' equity $342,220 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