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. CROSBY, INCORPORATED$2020$ Income StatementSales $ $767,000$Costs $623,000$Other expenses $31,000$ Earnings before interest and taxes $ $113,000$Interest paid $15,600$ Taxable income $ $97,400$Taxes $(24\%)23,376$ Net income $ $74,024$ Dividends$ $23,440$ Addition to retained earnings$50,584$ CROSBY, INCORPORATEDBalance Sheet as of December $31,2020$Assets Liabilities and Owners Equity Current assets Current liabilities Cash$ $25,640$Accounts payable$ $63,000$Accounts receivable$35,100$Notes payable$18,800$ Inventory$71,780$Total$ $81,800$ Total$ $132,520$Long$-$term debt$ $115,000$ Owners equity Fixed assets Common stock and paid$-$in surplus$ $114,000$Net plant and equipment$ $224,000$Retained earnings$45,720$ Total$ $159,720$ Total assets$ $356,520$Total liabilities and owners equity$ $356,520$ 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$.,32.)$