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