The most recent financial statements for Crosby, Incorporated, follow. 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, INCORPORATED
2023 Income Statement
Sales		$ 765,000
Costs		621,000
Other expenses		30,000
Earnings before interest and taxes		$ 114,000
Interest paid		14,800
Taxable income		$ 99,200
Taxes (22%)		21,824
Net income		$ 77,376
Dividends	$ 24,840
Addition to retained earnings	52,536

CROSBY, INCORPORATED
Balance Sheet as of December 31, 2023
Assets	Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$ 25,440	Accounts payable	$ 62,200
Accounts receivable	34,880	Notes payable	18,200
Inventory	71,600	Total	$ 80,400
Total	$ 131,920	Long-term debt	$ 113,000
Fixed assets		Owners equity
Net plant and equipment	$ 222,000	Common stock and paid-in surplus	$ 108,000
		Accumulated retained earnings	52,520
		Total	$ 160,520
Total assets	$ 353,920	Total liabilities and owners equity	$ 353,920

Complete the pro forma income statements below.

Note: Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.

Calculate the EFN for 20, 25, and 30 percent growth rates.

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.