The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 30 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 $ 756,000 612,000 25,500 Earnings before interest and taxes Interest paid $ 118,500 11,200 Taxable income Taxes (23%) $ 107,300 24,679 Net income $ 82,621 Dividends $ 31,140 Addition to retained earnings 51,481 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,540 Accounts payable Accounts receivable 33,890 Notes payable Inventory 70,790 Total $ 58,600 15,500 $ 74,100 Total $ 129,220 Long-term debt $ 104,000 Dividends Addition to retained earnings $ 31,140 51,481 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,540 Accounts payable Accounts receivable 33,890 Notes payable $ 58,600 15,500 Inventory 70,790 Total $ 74,100 Total $ 129,220 Long-term debt $ 104,000 Fixed assets Net plant and equipment $ 213,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 103,000 61,120 Total $ 164,120 Total assets $ 342,220 Total liabilities and owners' equity $ 342,220 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.) Answer is not complete. EFN