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 ok Sales 772,000 Costs 628,000 Other expenses 33,500 ht Earnings before interest and $ 110,500 1 ences taxes Interest paid Taxable income Taxes (24%) Net income Dividends 17,600 $ 92.900 22,296 $70.604 $31,740 38,864 Assets Current assets Cash Accounts receivable Inventory Total Addition to retained earnings CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Current liabilities $ 26,140 Accounts payable $ 65,000 35.650 Notes payable 20,300 72.230 Total $ 85,300 $ 134,020 Long-term debt $120,000 Owners' equity Common stock and paid-in Fixed assets Net plant and equipment $229,000 $115,000 surplus Retained earnings 42,720 Total $157,720 es Fixed assets Net plant and equipment $ 229,000 Owners' equity Common stock and paid-in $115,000 surplus Retained earnings 42,720 Total $157,720 Total assets $363,020 Total liabilities and owners' equity $363,020 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 Taxes (24%) 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%