The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued.

Nuesca Holidays Inc. 2017 Statement of Comprehensive Income
Sales			$	753,000
Costs				588,000
Other expenses				24,000
Earnings before interest and taxes			$	141,000
Interest paid				10,000
Taxable income			$	131,000
Taxes (40%)				52,400
Net income			$	78,600
Dividends	$	31,440
Addition to retained earnings		47,160

Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017
Assets			Liabilities and Owners Equity
Current assets			Current liabilities
Cash	$	26,300	Accounts payable	$	69,000
Accounts receivable		41,700	Notes payable		18,000
Inventory		87,900	Total	$	87,000
Total	$	155,900	Long-term debt	$	101,000
			Owners equity
Fixed assets			Common stock and paid-in surplus	$	100,000
Net plant and equipment	$	150,400	Retained earnings		18,300
			Total	$	118,300
Total assets	$	306,300	Total liabilities and owners equity	$	306,300

Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.)

Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income
	25 % Sales Growth
Sales	$
Costs
Other expenses
EBIT	$
Interest
Taxable income	$
Taxes (40%)
Net income	$
Dividends	$
Add. to RE

Complete the pro forma statement of financial position below.

Nuesca Holidays Inc. Pro Forma Statement of Financial Position
Assets		Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$	Accounts payable	$
Accounts receivable	$	Notes payable	$
Inventory	$	Total	$
Total	$	Long-term debt	$
		Owners equity
Fixed assets		Common stock and paid-in surplus	$
Net plant and equipment	$	Retained earnings	$
		Total	$
Total assets	$	Total liabilities and owners equity	$

Calculate the EFN for 25% growth rates.

	25%
EFN	$