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 $759,000 615,000 27,000 $ 117,000 Earnings before interest and taxes Interest paid 12,400 Taxable income Taxes (21%) $ 104,600 21,966 Net income $ 82,634 $29,040 Dividends Addition to retained earnings 53,594 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,840 Accounts payable $ 59,800 Accounts receivable 34,220 Notes payable 16,400 Inventory 71,060 Total $ 76,200 Total $ 130,120 Long-term debt $ 107,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $106,000 Net plant and equipment $216,000 56,920 Total $162,920 Total assets $ 346,120 Total liabilities and owners' equity $ 346,120 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