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 $ 686,530 554,420 14,020 Earnings before interest and taxes Interest paid $ 118,090 12,090 Taxable income Taxes (21%) $ 106,000 22,260 Net income $ 83,740 Dividends Addition to retained earnings $ 27,475 56,265 Assets Current assets Cash Accounts receivable CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Current liabilities $ 20,940 Accounts payable 31,970 Notes payable $ 53,790 13,215 Inventory 71,320 Total $ 67,005 Total $ 124,230 Long-term debt $ 127,500 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 105,000 Net plant and equipment $ 341,980 166,705 Total $ 271,705 Total assets $ 466,210 Total liabilities and owners' equity $ 466,210 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