The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by either 15, 30, or 35 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. 2015 Income Statement
Sales				$	748,000
Costs					583,000
Other expenses					19,000
Earnings before interest and taxes				$	146,000
Interest expense					10,000
Taxable income				$	136,000
Taxes (35%)					47,600
Net income				$	88,400
Dividends	$	17,680
Addition to retained earnings		70,720

MOOSE TOURS, INC. Balance Sheet as of December 31, 2015
Assets				Liabilities and Owners' Equity
Current assets				Current liabilities
Cash	$	20,740		Accounts payable	$	54,900
Accounts receivable		33,060		Notes payable		14,100
Inventory		70,020
				Total	$	69,000
Total	$	123,820		Long-term debt	$	100,000
				Owners equity
Fixed assets				Common stock and paid-in surplus	$	100,000
Net plant and equipment	$	400,000		Retained earnings		254,820
				Total	$	354,820
Total assets	$	523,820		Total liabilities and owners' equity	$	523,820

Complete the pro forma income statements below. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

MOOSE TOURS, INC. Pro Forma Income Statement
		15 % Sales Growth			30 % Sales Growth			35 % Sales Growth
Sales	$			$			$
Costs
Other expenses
EBIT	$			$			$
Interest
Taxable income	$			$			$
Taxes (35%)
Net income	$			$			$
Dividends	$			$			$
Add to RE

Calculate the EFN for 15, 30, and 35 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

	15%	30%	35%
EFN	$	$	$