The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 20 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 $ 757,000 613,000 26,000 Other expenses Earnings before interest and $ 118,000 taxes Interest paid Taxable income 11,600 $ 106,400 Taxes (24%) Net income Dividends Addition to retained earnings $ 30,440 50,424 25,536 $ 80,864 Assets CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Cash Current assets Accounts receivable Current liabilities $ 24,640 Accounts payable 34,000 Notes payable $ 59,000 15,800 Inventory Total 70,880 Total $ 74,800 $ 129,520 Long-term debt $ 105,000 Owners' equity Common stock and paid-in Fixed assets $ 104,000 surplus Net plant and equipment $214,000 Retained earnings 59,720 Total $ 163,720 Total assets $343,520 Total liabilities and owners' equity $343,520 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.) EFN