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.

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{CROSBY,INCORPORATEDBalanceSheetasofDecember31,2020} \\ \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Current 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} 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.)