The most recent financial statements for Retro Machine, Inc., follow. Sales for 2014 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 and accounts payable increase spontaneously with sales.

RETRO MACHINE, INC. 2013 Income Statement
Sales				$	750,850
Costs					582,450
Other expenses					18,350
Earnings before interest and taxes				$	150,050
Interest paid					12,100
Taxable income				$	137,950
Taxes (40%)					55,180
Net income				$	82,770
Dividends	$	26,997
Addition to retained earnings		55,773

RETRO MACHINE, INC. Balance Sheet as of December 31, 2013
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	24,750		Accounts payable	$	62,910
Accounts receivable		37,350		Notes payable		16,380
Inventory		78,840		Total	$	79,290
Total	$	140,940		Long-term debt	$	142,900
Fixed assets				Owners equity
Net plant and equipment	$	373,410		Common stock and paid-in surplus	$	135,000
				Accumulated retained earnings		157,160
				Total	$	292,160
Total assets	$	514,350		Total liabilities and owners equity	$	514,350

In 2013, the firm operated at 80 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations.)

Pro Forma Income Statement
Sales	$
Costs
Other expenses
EBIT	$
Interest
Taxable income	$
Taxes (40%)
Net income	$

Pro Forma Balance Sheet
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$			Accounts payable	$
Accounts receivable				Notes payable
Inventory				Total	$
Total	$			Long-term debt	$
Fixed assets				Owners equity
Net plant and equipment	$			Common stock and paid-in surplus	$
				Accumulated retained earnings
				Total	$
Total assets	$			Total liabilities and owners equity	$

What is the EFN?