The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2012 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. MOOSE TOURS, INC. 2011 Income Statement Sales $ 755,000 Costs 590,000 Other expenses 11,000 Earnings before interest and taxes $ 154,000 Interest expense 12,000 Taxable income $ 142,000 Taxes (40%) 56,800 Net income $ 85,200 Dividends $ 34,080 Addition to retained earnings 51,120 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,440 Accounts payable $ 55,600 Accounts receivable 33,760 Notes payable 14,800 Inventory 70,720 Total $ 70,400 Total $ 125,920 Long-term debt $ 138,000 Fixed assets Owners equity Net plant and equipment $ 270,000 Common stock and paid-in surplus $ 124,000 Retained earnings 63,520 Total $ 187,520 Total assets $ 395,920 Total liabilities and owners equity $ 395,920 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount. (e.g., 32)) EFN $