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. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. CROSBY, INCORPORATED 2020 Income Statement Sales 760,000 Costs 616,000 Other expenses 27,500 Earnings before interest and $116,500 taxes es Interest paid 12,800 $103,700 Taxable income Taxes (22%) Net income Dividends Addition to retained earnings $ 38,940 41,946 22,814 $ 80,886 CROSDY INCORPORATED CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Current liabilities $24,940 Accounts payable $ 60,200 34,330 Notes payable 16,700 Inventory Total 71,150 Total $ 76,900 $ 130,420 Long-term debt $108,000 Owners' equity Common stock and paid-in Fixed assets $103,000 surplus Net plant and equipment $217,000 Retained earnings 59,520 Total $162,520 Total assets $ 347,420 Total liabilities and owners' equity $ 347,420 Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Other expenses EBIT Interest paid Taxable income Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (22%) Net income Dividends Add to RE Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Calculate the EFN for 10, 15 and 40 percent growth rates. (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.) EFN 10% 15% 40%