The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 25 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, INCORPORATED 2020 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Addition to retained earnings $ 29,740 49,385 $ 758,000 614,000 26,500 $ 117,500 12,000 $ 105,500 26,375 $79,125 Current assets Cash Accounts receivable Inventory Total CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Total assets $ 24,740 34,110 Fixed assets Net plant and equipment $215,000 EFN 70,970 $ 129,820 $344,820 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 59,400 16,100 $ 75,500 $ 106,000 $ 105,000 58,320 Total $ 163,320 Total liabilities and owners' equity $344,820 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 number, e.g., 32.)