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.

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.)

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{CROSBY,INCORPORATEDBalanceSheetasofDecember31,2020} \\ \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Assets }} & \multicolumn{2}{|l|}{ Liabilities and Owners' Equity } \\ \hline & & Current liabilities & \\ \hline Cash & $25,640 & Accounts payable & $63,000 \\ \hline Accounts receivable & 35,100 & Notes payable & 18,800 \\ \hline Inventory & 71,780 & Total & $81,800 \\ \hline \multirow[t]{2}{*}{ Total } & $132,520 & Long-term debt & $115,000 \\ \hline & & Owners' equity & \\ \hline Fixed assets & & Commonstockandpaid-insurplus & $114,000 \\ \hline \multirow[t]{2}{*}{ Net plant and equipment } & $224,000 & Retained earnings & 45,720 \\ \hline & & Total & $159,720 \\ \hline Total assets & $356,520 & Total liabilities and owners' equity & $356,520 \\ \hline \end{tabular}