The most recent financial statements for Fleury Inc., follow. Sales for 2015 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. FLEURY, INC. 2014 Income Statement Sales $ 745,000 Costs 580,000 Other expenses 16,000 Earnings before interest and taxes $ 149,000 Interest paid 12,000 Taxable income $ 137,000 Taxes (40%) 54,800 Net income $ 82,200 Dividends $ 21,920 Addition to retained earnings 60,280 FLEURY, INC. Balance Sheet as of December 31, 2014 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 20,440 Accounts payable $ 54,600 Accounts receivable 32,760 Notes payable 13,800 Inventory 69,720 Total $ 68,400 Total $ 122,920 Long-term debt $ 128,000 Owners equity Fixed assets Common stock and paid-in surplus $ 114,000 Net plant and equipment $ 320,000 Retained earnings 132,520 Total $ 246,520 Total assets $ 442,920 Total liabilities and owners equity $ 442,920 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) EFN $

*The last answer that i had received on this question was EFN = $74,904.00 - which was not correct. Please help as i am very confused on this problem.*