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 $ 754.000 Costs 610,000 Other expenses 24,500 Earnings before interest and taxes $ 119,500 Interest paid 10.400 Taxable income Taxes (21%) $ 109,100 22,911 Net income $86.189 Dividends Addition to retained earnings $ 32,540 53,649 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,340 Accounts payable Accounts receivable 33,670 Notes payable $ 57,800 14,900 Inventory 70,610 Total $ 72,700 Total $ 128,620 Long-term debt $ 102.000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus Retained earnings $ 211,000 $ 101.000 63.920 Total $164.920 $ 339,620 Total assets $ 339,620 Total liabilities and owners' equity 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